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Angus Energy Regulatory News (ANGS)



Regulatory News for Angus Energy (ANGS)


Share Price: 3.90Bid: 3.80Ask: 4.00Change: -0.20 (-4.88%)Faller - Angus Energy
Spread: 0.20Spread as %: 5.26%Open: 4.10High: 4.25Low: 3.85Yesterday’s Close: 4.10





SPA signed regarding additional interest in Lidsey

Thu, 14th Mar 2019 07:00

RNS Number : 8062S
Angus Energy PLC
14 March 2019

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) ("MAR"). THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

14 March 2019

Angus Energy Plc

("Angus Energy" or the "Company")

SPA signed for purchase of additional interest in Lidsey Field

Further to the previous announcement on 26 February 2018, Angus Energy plc (#ANGS) is pleased to announce that it has entered into a legally binding sale and purchase agreement ("SPA") with Doriemus Plc ("Doriemus") for the purchase of Doriemus's 20% interest in the Lidsey Oil Field Licence (including its 30% direct participating working interest in the Lidsey-X2 production well) ("Acquisition"). Pursuant to the SPA, the Acquisition is conditional upon regulatory and partner approvals. Angus Energy has already submitted an application for approval of the Acquisition to the UK Oil & Gas Authority and is liaising with its partners in respect of their consent.

George Lucan, interim Managing Director, writes: "Angus is pleased to have consolidated its position in the Lidsey Field at a competitive non-cash price and looks forward to the future for this producing site. Work continues to evaluate possible upside in the existing structure and updates will be provided as this moves ahead."

END.

Enquiries:

Angus Energy Plc

www.angusenergy.co.uk

George Lucan

Tel: +44 (0) 208 899 6380





Beaumont Cornish (Nomad)

www.beaumontcornish.com

James Biddle/ Roland Cornish

Tel: +44 (0) 207 628 3396



WH Ireland Limited (Broker)


Katy Mitchell/ Harry Ansell

Tel: +44 (0) 113 394 6600



Yellow Jersey

angus@yellowjerseypr.com

Tim Thompson

Tel: +44 (0) 203 004 9512

Henry Wilkinson


Notes

About Angus Energy plc. Angus Energy plc. is a UK AIM quoted independent onshore oil and gas production and development company focused on leveraging its expertise to advance its portfolio of UK assets as well as acquire, manage and monetise select projects. Angus Energy majority owns and operates conventional oil production fields at Brockham (PL 235) and Lidsey (PL 241) and has a 25% interest in the Balcombe Licence (PEDL244) and a 12.5% interest in the Holmwood licence (PEDL143).


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
AGRBIGDXDGBBGCX


Related Shares:
(ANGS)




DateSourceHeadlineCategory
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03-Jun-19 14:05RNSSecond Price Monitoring ExtnCompany Announcement - General
03-Jun-19 14:00RNSPrice Monitoring ExtensionCompany Announcement - General
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29-May-19 07:00RNSResults of Open OfferCompany Announcement - General
10-May-19 09:30RNSBrockham Operations UpdateCompany Announcement - General
10-May-19 07:00RNSOpen Offer Circular publishedCompany Announcement - General
03-May-19 07:00RNSBrockham Operations UpdateCompany Announcement - General
30-Apr-19 09:26RNSResult of PlacingResults and Trading Reports
30-Apr-19 07:00RNSProposed Placing and Open OfferCompany Announcement - General
25-Apr-19 18:30RNSBrockham Operations UpdateCompany Announcement - General
18-Apr-19 07:00RNSCompletion of Acquisition of Lidsey interestMergers, Acquisitions and Disposals
10-Apr-19 10:00RNSOperations Update: BrockhamCompany Announcement - General
05-Apr-19 16:45RNSOperations Update: BrockhamCompany Announcement - General
03-Apr-19 07:00RNSOperations Update & Schedule of Works at BrockhamCompany Announcement - General
02-Apr-19 16:49RNSTotal Voting RightsHolding(s) in Company
29-Mar-19 11:53RNSResult of AGMResults and Trading Reports
21-Mar-19 12:00RNSOperations Update: Rig Contract for BrockhamCompany Announcement - General
18-Mar-19 16:41RNSSecond Price Monitoring ExtnCompany Announcement - General
18-Mar-19 16:36RNSPrice Monitoring ExtensionCompany Announcement - General
14-Mar-19 07:00RNSSPA signed regarding additional interest in LidseyCompany Announcement - General
14-Mar-19 07:00RNSUpdate on PEDL 143 (Holmwood)Company Announcement - General
07-Mar-19 07:00RNSNotice of AGMResults and Trading Reports
06-Mar-19 15:15RNSBoard ChangesExecutive Changes
06-Mar-19 07:00RNSAnnual Financial ReportResults and Trading Reports
26-Feb-19 16:45RNSOperations and Lidsey Field Interest UpdateCompany Announcement - General
19-Feb-19 10:27RNSVariation to Planning Consent at LidseyCompany Announcement - General
15-Feb-19 07:00RNSEquity PlacingCompany Announcement - General
14-Feb-19 07:00RNSUpdate to Financing ArrangementCompany Announcement - General
08-Feb-19 17:27RNSBalcombe Update and Holdings in CompanyCompany Announcement - General


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