Angus Energy plc, which owns the Saltfleetby onshore gas field, today said it expected to complete its proposed financial restructuring “in the coming weeks”. TRADING The company added that, although progress had been “slower than anticipated”, it continued to make “good progress” on documentation associated with the proposed financial restructuring. “Upon execution, the proposed restructuring […]
Tag: Trafigura Group PTE Ltd
Angus agrees non-binding terms for Trafigura debt
Angus Energy pl has agreed non-binding terms with Trafigura to restructure its debt in order to provide a “stable financial platform to support future operations”. ACQUISITION The terms are subject to final agreements on new covenants, revised terms with the overriding royalty interest holders, and deferred payment owed to Forum Energy Services Ltd. The company’s […]
Angus revises £1.89m debt payment to Forum
Angus Energy plc has secured deferred payment of an outstanding £1.89 million owed to Forum Energy Services Ltd, the former 49% owner of the Saltfleetby gas project in East Lincolnshire. COMPANY MOVES The sum includes £300,000 for the quarter to 31 March 2025. Angus said that Forum had also agreed to suspend its rights to […]
Angus looks to diversify with Gulf assets
Angus Energy plc has signed a tentative deal to diversify and expand its footprint to the Gulf of Mexico (Gulf of America) in a reverse takeover. STABILITY The non-binding agreement to buy a “group of producing assets” results in the company’s shares’ suspension today from trading under AIM rules. Angus said that the potential acquisition […]