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Pin to quick picksAngus Energy Share News (ANGS)

Share Price Information for Angus Energy (ANGS)

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Share Price: 0.475
Bid: 0.45
Ask: 0.50
Change: 0.025 (5.56%)
Spread: 0.05 (11.111%)
Open: 0.475
High: 0.575
Low: 0.45
Prev. Close: 0.45
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AIM WINNERS & LOSERS: Angus Energy gets good response to sales process

Mon, 17th Jan 2022 10:57

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Angus Energy PLC, up 18% at 1.18 pence, 12-month range 0.56p-1.55p. The oil & gas development company says it has had "at least six bona fide approaches" to participate in its formal sales process or other indications of interest in potential offer for all of the company or its licence interest in the Saltfleetby Gas Field. Says company is not "large and complicated" and so due diligence should not take long. "We are pleased with the expressed level of interest in the company or in its principal asset," says Chief Executive George Lucan.

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Reabold Resources PLC, up 17% at 0.205p, 12-month range 0.1p-0.87p. Says independent study indicates potential for initial production rates of 35.6 million cubic feet of gas per day from a horizontally drilled well situated in the gas zone of its West Newton project in Yorkshire, England, based on the data from the West Newton A-2 well. Study also indicates potential initial production rates of 1,000 barrels of oil per day from a horizontally drilled well situated in the oil zone.

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Mosman Oil & Gas Ltd, up 13% at 0.0848p, 12-month range 0.07p-0.28p. At Falcon-1 well, in which Mosman holds 75% working interest, an additional Frio sand zone has been perforated at a depth 7,457 to 7,460 feet. Plans to periodically increase the choke size and monitor wellhead pressures. Current production rate is up 23% on the average reported for the quarter to September 30. The Falcon project is part of the Champion project in east Texas in the US.

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AIM - LOSERS

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Access Intelligence PLC, down 25% at 115.00p, 12-month range 88.5p-158p. The software-as-a-service products provider expects revenue for the financial year that ended November 30 to be GBP33.1 million, up from GBP19.1 million the previous year, and an adjusted loss before interest, tax, depreciation and amortisation of GBP500,000, in line with forecasts. However, says current challenges in south east Asia will knock Ebitda in 2022 and 2023.

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Leeds Group PLC, down 14% at 18.00p, 12-month range 16.3p-33p. The Leeds-based fabrics importer swings to pretax loss of GBP487,000 for the six months that ended November 30 from profit of GBP735,000 a year before. Revenue falls to GBP15.6 million from GBP20.0 million. Says pandemic hit performance in period. "The prolonged nature of the pandemic, exacerbated by the emergence of the Omicron variant in late November 2021, has impacted consumer confidence and caused many our customers to become overstocked and reduce demand while they correct that position," Leeds Group says.

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Distil PLC, down 12% at 1.625p, 12-month range 1.1p-3.25p. The premium drinks retailer reports sales down 28% year-on-year in nine months to December due to strong performance a year previous, distorted by Covid related lockdowns and consumer stockpiling. On pre-virus levels, sales in the nine-month period are up 23%. Says full-year outlook difficult to forecast but is "anticipating Q4 growth as we lap strong but not extraordinary comparisons."

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
17 Apr 2024 15:36

Director dealings: Angus Energy CEO ups stake

(Sharecast News) - Angus Energy revealed on Wednesday that chief executive Richard Herbert had acquired 5.0m ordinary shares in the AIM-listed onshore oil and gas development firm.

Read more
4 Apr 2024 13:02

Angus Energy expects first quarter gas production and revenue to fall

(Alliance News) - Angus Energy PLC on Thursday said it expects gas production and total revenue to be down quarter-on-quarter.

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22 Mar 2024 14:28

Paddy Clanwilliam resigns from Angus Energy board

(Sharecast News) - Angus Energy announced the resignation of Patrick 'Paddy' Clanwilliam from his position as non-executive chairman on Friday.

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22 Mar 2024 12:52

IN BRIEF: Angus Energy says Chair Patrick Clanwilliam resigns

Angus Energy PLC - UK-focused onshore oil and gas developer - Says that Patrick Clanwilliam has resigned as non-executive chair of the board. Clanwilliam joined the board in 2019, and stepped in as interim chair in August last year. Krzysztof Zielicki, currently a non-executive director, will assume the role of chair on an interim basis until a new chair has been selected.

Read more
7 Mar 2024 16:04

UK shareholder meetings calendar - next 7 days

Friday 8 March 
Allergy Therapeutics PLCAGM
All Things Considered Group PLCAGM
Chenavari Toro Income Fund LtdAGM
Neo Energy Metals PLCAGM
Schroder UK Mid Cap Fund PLCAGM
Silverwood Brands PLCGM re proposed share capital reduction
Monday 11 March 
Ground Rents Income Fund PLCAGM
Ramsdens Holdings PLCAGM
River & Mercantile UK Micro Cap Investment Company LtdAGM
Tuesday 12 March 
Impax Asset Management Group PLCAGM
Seed Capital Solutions PLCAGM
Shoe Zone PLCAGM
Wednesday 13 March 
abrdn China Investment Co LtdGM re liquidation
Safestore Holdings PLCAGM
Wincanton PLCGM re takeover by CEVA Logistics
Thursday 14 March 
Angus Energy PLCGM
Bank of Georgia Group PLCGM re acquisition of Ameriabank CJSC
Blackrock Sustainable American Income Trust PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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22 Feb 2024 12:05

EARNINGS AND TRADING: Galliford wins deals; Sylvania profit down

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

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21 Feb 2024 15:51

EARNINGS AND TRADING: Sure Ventures value down after VividQ fundraise

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

Read more
19 Jan 2024 11:29

IN BRIEF: Angus Energy says proposed loan facility progressing well

Angus Energy PLC - UK-focused onshore oil and gas developer - Says work in documenting its proposed GBP20 million loan facility and offtake agreements with Trafigura is progressing well. Expects to conclude with satisfaction of conditions and drawdown within four weeks. Says it also has been granted an extension to an existing GBP6 million subordinated debt facility, or bridge loan, which is due to mature on Friday. This is in order to allow time for completing documentation and drawdown under the proposed facility with Trafigura. As a result, Aleph Finance Ltd has agreed to an extension of the bridge loan for one month until February 19 for a fee of 1%, which is proportionate to the fee paid for the previous extension of the loan in October last year.

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8 Jan 2024 12:24

Angus Energy upbeat on fourth-quarter production

(Sharecast News) - Angus Energy said in an update on Monday that gas production from the Saltfleetby Field during the fourth quarter totalled 7.35 million therms - a slight decrease from the third quarter's 7.9 million therms.

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8 Jan 2024 11:59

IN BRIEF: Angus Energy revenue up after solid quarter

Angus Energy PLC - UK-focused onshore oil and gas developer - says production at its Saltfleetby gas field for October, November and December totalled 7.4 million therms aggregate, down from 7.9 million therms in the third quarter. Gas condensate production averaged 130 barrels per day. Revenue for the three-month period was estimated at GBP7.2 million, up 14% from GBP6.3 million in the previous quarter. Also reports a shutdown of one of the Saltfleetby compressor engines, which underwent servicing until October 21. Subsequent maintenance was conducted on one of the compressor engines until November 22, allowing "dual compressor operations to recommence".

Read more
20 Dec 2023 17:11

LONDON MARKET CLOSE: Stocks in festive mood after inflation surprise

(Alliance News) - Stocks in London soared on Wednesday, outperforming European peers, after a sharp drop in the annual rate of UK inflation fuelled hopes for interest rate cuts next year.

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20 Dec 2023 17:04

LONDON MARKET CLOSE: Slowing UK consumer inflation lifts local stocks

(Alliance News) - Stock prices in London closed up on Wednesday as local consumer price inflation slowing faster than expected boosted investor sentiment.

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20 Dec 2023 14:04

IN BRIEF: Angus Energy agrees GBP20 million debt facility to refinance

Angus Energy PLC - UK-focused onshore oil and gas developer - Agrees a GBP20 million debt facility with Trafigura PTE Ltd to refinance all its existing debt, as well as to fund additional capital expenditure projects to raise production at Saltfleetby field. The debt facility has a five-year amortising term with a one-year repayment grace period. It has an interest margin over sterling overnight index average of 8%, compared to 12% on existing senior debt and 15% on bridge facility. Trafigura expects a closing date in January. Angus adds that its existing hedge contract will be replaced with a fixed price offtake, with Trafigura acting as offtaker. Says the new funds will accelerate work on gas storage feasibility.

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20 Dec 2023 11:07

AIM WINNERS & LOSERS: Genedrive shares jump on orders

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Read more
6 Nov 2023 13:56

IN BRIEF: Angus Energy completes permanent flowline for Saltfleetby

Angus Energy PLC - UK-focused oil and gas development company - Says it has successfully commissioned the permanent flowline for its BO7T well at the Saltfleetby gas field in Lincolnshire with minimum production loss. Notes that it faced challenges from weather conditions during construction, as well as in finalising the flowline design.

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