Angus Energy PLC - UK-based independent onshore oil and gas development company - Says production at Saltfleetby fields reaches steady operating state from B2, A4 and B7T wells. Is now exporting gas to National Grid PLC at an average daily rate of 9.5 million standard cubic feet per day, reaching peak flows of over 10mmscf. Anticipates exceeding a combined average daily rate of 10mmscf. Says winter 2023-2024 pricing is strong, forecasted at GBP1.24 per therm, expects to generate GBP2.5 million in monthly average revenue from Saltfleetby operations.
Current stock price: 1.20 pence, up 6.7% on Tuesday
12-month change: up 6.2%
By Sabrina Penty, Alliance News reporter
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Angus Energy (ANGS)
National Grid (NG.)