Angus Energy PLC - UK-focused onshore oil and gas producer - Says noise abatement and "other modifications" have caused some "small delay" in the arrival of the compressor skid at the Saltfleetby gas field in east Lincolnshire, England. Notes that this will not impact the overall timeline. Expects dry commissioning to begin on April 26 with select hydrotesting of key site pipework. Anticipates wet commissioning to begin at or around May 15 and expects it to last around two weeks. Continues to target first gas by June 1, allowing for one full month of unhedged production.
Current stock price: 1.25 pence, down 7.4% on Friday
12-month change: up 38%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Angus Energy (ANGS)