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".
Current stock price: 0.53 pence each, up 1.0% in London on Monday at midday.
12-month change: down 68%
By Hugh Cameron, Alliance News reporter
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Angus Energy (ANGS)