Angus Energy PLC - UK-focused onshore oil and gas explorer - Says it and partner Saltfleetby Energy Ltd enters into a Memorandum of Understanding with Aleph Energy Ltd and Aleph Commodities Ltd detailing non-binding heads of terms to provide up to GBP12 million towards the Saltfleetby finance facility required to develop the Saltfleetby Gas Field. Angus operates Saltfleetby field and holds a 51% working interest with Saltfleetby holding the remaining 49%.
Current stock price: 0.78 pence
Year-to-date change: down 4.8%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Angus Energy (ANGS)