Angus Energy Share News (ANGS)

IN BRIEF: Angus Energy says progress continues at Saltfleetby field

Angus Energy PLC - oil and gas development company focused on UK assets - Says wellhead gas has been introduced into the first section of the facility at the wholly-owned Saltfleetby Gas Field in Lincolnshire, England. Adds that wellhead pressures remain high at 80+ bar. Angus says final commissioning of the compressor, electrical and instrument testing is due over the weekend and early next week, and first sales are planned for next week.

Angus Energy nears first sales at Saltfleetby

(Sharecast News) - Angus Energy updated the market on progress at its wholly-owned Saltfleetby project on Friday, reporting that wellhead gas has been introduced into the system, with wellhead pressure remaining high at 80+ bar.

IN BRIEF: Angus Energy raises GBP1 million; progresses at Saltfleetby

Angus Energy PLC - oil and gas development company focused on UK assets - Says it is making good progress with the testing and inspection of facilities at the wholly-owned Saltfleetby Gas Field in Lincolnshire, England. Adds that first production is expected during the third quarter of 2022 and is anticipated to "comfortably exceed" the hedge amount advised previously as 3.4 million therms for July to September.

IN BRIEF: Angus Energy's export line at Saltfleetby free of nitrogen

Angus Energy PLC - London-based oil & gas development company focused on UK assets - Confirms that a 5 mile export line to Theddlethorpe's National Grid Entry point is now free of nitrogen "and pressured up to 60 barg with grid specification gas."

IN BRIEF: Angus Energy raises GBP3 million via direct subscription

Angus Energy PLC - London-based oil & gas development company focused on UK assets - Raises GBP2 million via a subscription of 182.0 million shares, at 1.10 pence each, to a group of family offices and private investors led by Aleph International Holdings (UK) Ltd.

EARNINGS UPDATES: Kingswood revenue surges; Shield in loan deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Angus Energy shares up as Saltfleetby gas field commissioned

Angus Energy PLC - London-based oil and gas development company focused on UK assets - Concludes leak testing and starts to commission the Saltfleetby Gas Field in East Lincolnshire in the East Midlands. Expects the first gas sales between July 7 and July 12. "The hedged volume for July to September inclusive is for 3.4 million therms," it explains.

IN BRIEF: Angus Energy to start side-track at Saltfleetby in July

Angus Energy PLC - oil and gas development company focused on UK assets - Says it has concluded all preparatory risk assessment and planning for the upcoming side-track at Saltfleetby. It says contractors are working toward a target date for first flow of well-head gas through the plant during the week commencing June 20. The company says all the necessary equipment to export gas sales are on site. Commissioning specialists will continue with hydrotesting, nitrogen leak testing, final verification and function testing of all pressure equipment and finally live gas testing with well-head gas.

Angus Energy reports good progress at Saltfleetby

(Sharecast News) - Angus Energy updated the marker on commissioning progress at Saltfleetby on Friday, reporting that with all necessary equipment to export sales gas now on site, the process had been handed over to commissioning specialists.

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: Indivior, Diurnal start trials; Alien Metals tests

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

IN BRIEF: Angus Energy to acquire joint venture partner Saltfleetby

Angus Energy PLC - UK-focused oil and gas development company - Signs a share purchase agreement to buy its current joint venture partner Saltfleetby Energy Ltd for up to GBP14.1 million. Saltfleetby currently owns a 49% working interest in the Saltfleetby project. Following the acquisition, the company would own a 100% working interest in and would continue to be operator of the Saltfleetby Licence. To support the acquisition, Angus has secured a conditional issue of 546,000,000 new shares to raise GBP6.0 million, by way of a direct subscription, with Aleph International Holdings UK Ltd.

TRADING UPDATES: Big Yellow's annual profit surges on occupancy gains

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

IN BRIEF: Angus Energy wins UK county council approval for well plans

Angus Energy PLC - oil and gas development company focused on UK assets - Says the Planning Committee of Surrey County Council has passed a resolution to approve its plans to abandon the Kimmeridge layer and re-perforate the Portland layer at well BRX4-Z.

Angus Energy on track for commissioning of Saltfleetby

(Sharecast News) - Angus Energy updated the market on installation and commissioning progress at Saltfleetby on Wednesday, with delivery and installation dates "substantially unchanged".