Angus Energy Share News (ANGS)

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.

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.

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.

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.

UK shareholder meetings calendar - next 7 days

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:

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:

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.

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.

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".

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.

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.

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.

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.

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.