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IN BRIEF: Angus Energy Supports PEDL 143 Licence Withdrawal

Fri, 16th Oct 2020 14:54

Angus Energy PLC - UK-focused onshore oil and gas explorer - Notes announcement from UK & Oil Gas PLC over relinquishing of licence PEDL 143 around Surrey, UK. Angus Energy Managing Director George Lucan said: "We support the decision to relinquish this interest which will better enable us to focus our efforts and resources on our principal assets at Balcombe, where we await the planning decision before year end and Saltfleetby where pipeline installation is underway."

Current stock price: 0.75 pence

Year-to-date change: down 12%

By Eric Cunha; ericcunha@alliancenews.com

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