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Angus Energy

Angus Energy announces that further to previous announcements (most recently on 20 April 2026), the Company continues to make good progress on the legally binding documentation associated with its proposed financial restructuring. Although progress to final binding agreements has been slower than anticipated, the Company is confident that the restructuring process will conclude in the coming weeks.

Upon execution, the proposed restructuring is expected to materially strengthen the Group’s balance sheet, enhance liquidity, and establish a more sustainable long-term capital structure.

In the meantime, the Board continues to prudently manage working capital in close coordination with its lenders.

Suspension of Trading on AIM

Trading in the Company’s shares on AIM will resume on completion of the restructuring.

The Board remains focused on strengthening the Company’s long-term position and will provide further updates as the restructuring progresses.

Good news here that Angus seems ‘confident that the restructuring process will conclude in the coming weeks’ which sounds very positive for shareholders.

Added to that the board has also added that ‘upon execution, the proposed restructuring is expected to materially strengthen the Group’s balance sheet, enhance liquidity, and establish a more sustainable long-term capital structure’.

This is also perhaps better than expected and whilst progress is somewhat slower than all had expected it should be remembered that it there are many detailed and binding agreements to be put together. I think that shareholders, and my, patience will be rewarded in ‘the coming weeks’.

Angus Energy* (ANGS LN) suspended: Refinancing update

• Angus announced that it continues to make good progress on the legally binding documentation associated with its proposed financial restructuring.

• Although progress to final binding agreements has been slower than anticipated, the Company is confident that the restructuring process will conclude in the coming weeks.

• Upon execution, the proposed restructuring is expected to materially strengthen the Group's balance sheet, enhance liquidity, and establish a more sustainable long-term capital structure.

Angus continues to work on refinancing the existing debt facilities with its main creditors to better position the balance sheet to raise new capital in support of organic growth, increased production, and potential M&A activity.

This comprehensive restructuring, when completed, will represent a major milestone for the Company, which is expected to demonstrate strong stakeholder support and provide a clear, sustainable financial platform for its next phase of development.

Trading in the Angus’ shares will remain suspended pending the conclusion of its financial restructuring.

Https://youtu.be/vkwlXVgvmB8

Https://www.tekcapital.com/wp-content/uploads/2026/05/Tekcapital-2025-Report-FINAL.pdf

Sound Energy (SOU LN) 2.75p, Market Cap £6.3m: Morocco asset sale to Managem and restructuring

• Sound announced plans to sell its Tendrara development asset (20% WI), exit its Moroccan exploration acreage and redeem its outstanding Eurobonds, which leaves a debt free balance sheet to pursue new ventures in energy transition.

• The Company has entered into a binding agreement to divest its remaining 20% interest in the Tendrara Exploitation Concession for aggregate proceeds of $57m (subject to working capital adjustments) to JV partner Managem.

• Sound has also proposed the early redemption at ~59% of the principal amount of its outstanding €28.8m 5% Eurobonds, which has received irrevocable undertakings representing 30% of the Senior Notes.

• Should the deal complete on 31 July 2026, it is anticipated that post repayment of all its debts, the Company will have a cash balance of $11m. A presentation is planned for Thursday afternoon at 530pm (link).

The share price has slumped by ~40% after a proposal to reset the Company by accelerating the crystallisation of value on its remaining interest in Tendrara via a sale to Managem and then using most of the funds to clean up the balance sheet.

In addition, Sound plans to relinquish its 27.5% interest in the Anoual Exploration Permit and waive any subsisting rights in the Grand Tendrara Exploration Permit, which marks a complete exit from its current Moroccan asset base.

Delays and cost escalation at its flagship onshore Morocco gas project have severely stressed the balance sheet, despite the support of the Afriquia Gaz and Attijariwafa funding facilities in financing the Tendrara development to date.

The deal is expected to transform Sound into a debt free company, better able to access the equity and debt capital markets to pursue deals in the renewables energy sector and hydrocarbon production opportunities outside of Morocco.

Https://www.londonstockexchange.com/news-article/SOU/notification-of-investor-presentation/17608299

Https://www.datacenterdynamics.com/en/news/tekcapital-forms-company-to-develop-offgrid-geothermal-powered-ai-data-centers/

Please find a link to a Broadcast interview with Werner discussing the recently released Q3 Operating results and dividend declaration, which I thought might be of interest :

https://youtu.be/IhnXkk_FtAM

Register to receive such news directly goldplat@flagstaffcomms.com

Orosur is beginning to unearth a more complete picture of the Anzá Project.

While only the surface of its multiple prospects across the Mid-Cauca gold belt

has been scratched to date, the Board considers there to be very real potential

for it to ultimately emerge as a substantial mineralised province. With drilling

ongoing at both Pepas and APTA, recent soil sampling has substantially

enhanced El Cedro’s (‘the Project’) prospectivity to the extent that a third rig is

now expected to commence work in the south of the Project area later in H1

2026. Assay results from a cluster of porphyry intrusions demonstrate high

grade gold in soils, at times over 1g/t Au, covering a total area of roughly 2km

x 3km. Sitting within the same N-S structural corridor as the already

established northern body, with the highest-grade soil and rock chip samples

being in fault zones between the two intrusions and their flanks, this strongly

suggests the presence of porphyry associated epithermal systems. A decision

has meanwhile also been taken to temporarily move the Pepas rig to a new

target area several hundred metres to the south of the deposit’s main zone in

order to gather further data while providing time for recent drilling on Pepas

West to be compiled and assessed. Anzá should thus be expected to

inexorably grow in scope, scale and complexity as its full potential gradually

becomes realised. Having closed an oversubscribed private placement

offering for aggregate gross proceeds of c.CAD$20m* back on 2 October 2025,

Orosur appears to be sufficiently funded to undertake this workload

(including possibly moving APTA to its own maiden MRE later this year),

while also driving its flagship opportunity to the point of extraction followed

by toll processing over the coming 24 or so months. Given the exceptional

value it has created to date, investors can be expected to remain supportive of

the Board’s much larger mining ambitions for both Anzá and El Pantano (in

Argentina), either of which could eventually dwarf findings at Pepas.

Orosur Mining* (OMI LN) 20p, Mkt Cap £78m – Large-scale porphyry system identified at El Cedro, drilling due 1H26

• Orosur provides an update on its El Cedro exploration programme within the wider Anza project in Colombia.

• El Cedro is a large gold porphyry target with several intrusions noted to the south of the Project area.

• Orosur has been conducting a follow-up soil sampling and mapping programme after identifying a second intrusive body south of the mapped northern porphyry system.

• Management reports today that results suggest the southern intrusive system is similar in scale to the northern system, with gold grades noted over a 2km x 3km area.

• Orosur also notes the potential for porphyry-associated epithermal systems, with high-grade samples noted in fault systems.

• Drilling is set to begin following the processing of magnetic survey results, with the programme set to start in 1H26.

• At Pepas, assay results from the newly identified Pepas West gold zone are being processed.

• The Pepas rig has now moved south, where a new target has been identified, with geological features bearing distinct similarities to Pepas.

• Drilling is ongoing at APTA.

Conclusion: We have long considered the wider exploration potential at Anza to be the true value driver for the Orosur story. The Company is aggressively exploring the Colombian exploration package, with drilling underway at both Pepas and APTA. High-grade targets have been identified in the vicinity of the Pepas MRE (219koz at 5.1g/t Au) which will be the subject of follow up drilling. To us, the real scale potential here is at El Cedro, where two large-scale gold porphyry targets have now been mapped. Drilling is set to begin at El Cedro in 1H26 and we look forward to further details of the planned programme.

All systems go at Anza, with Orosur reporting strong, high-grade assay results from surface. The results were drilled 100m west of Pepas and show similar mineralisation to the neighbouring high-grade deposit. We and Orosur have long considered Pepas one of several high-grade gold prospects at Anza, and today’s assays support this theory. Orientation drilling will support further targeting at the target, which holds the potential to add meaningful ounces to Pepas. Meanwhile, deep drilling is targeting untested zones of potential mineralisation at APTA, whilst geophysics surveys will support drill target delineation at the El Cedro copper-gold porphyry target.

Register to receive relevant Orosur information directly : orosur@flagstaffcomms.com

Angus published the annual report for the year ended 30 September 2025, which it commented was a period of continued operational progress at the Saltfleetby field alongside significant work to stabilise and restructure the Group's financial position.

In the background, the Company continues to work on refinancing the existing debt facilities with its main creditors to better position the balance sheet to raise new capital in support of organic growth, increased production, and potential M&A activity.

This comprehensive restructuring, when completed, will represent a major milestone for the Company, demonstrating strong stakeholder support and providing a clear, sustainable financial platform for its next phase of development.

Trading in the Angus’ shares will remain suspended pending the conclusion of its financial restructuring.

Https://www.investorschronicle.co.uk/content/7f7f6942-5ac2-48e3-b8cb-15811bb2eca3

This low-rated income stock will soon upgrade its earnings - Investors' Chronicle

Please find the link to the IMC presentation given by the CEO Werner Klingenberg on Wednesday 25/3 :

https://www.youtube.com/embed/kqjJdgiQrfA?rel=0

To receive relevant information directly register with goldplat@flagstaffcomms.com

A positive update from Angus on its plans to consolidate and refinance the existing debt facilities with its main creditors to better position the balance sheet to raise new capital in support of organic growth, increased production, and potential M&A activity.

We expect that the Company’s negotiating position has been strengthened by the recent Saltfleetby workover programme, which boosted production volumes and expansion of the hedging position in response to the favourable gas market conditions.

This comprehensive restructuring, when completed, will represent a major milestone for Angus, demonstrating strong stakeholder support and providing a clear, sustainable financial platform for its next phase of development.

Trading in the Company’s shares will remain suspended pending the conclusion of its financial restructuring.

A positive update from Angus, where the recent Saltfleetby workover programme that boosted production volumes is now set to generate higher revenues after taking advantage of favourable gas market conditions to secure high value hedges.

This balanced hedging strategy strengthens the Company's financial resilience and demonstrates the progress that has been made since the roll-off of legacy below-market price hedges last July.

Angus is also continuing efforts to consolidate and refinance the existing debt facilities with its main creditors, in order to better position the balance sheet to raise new capital in support of organic growth, increased production, and potential M&A activity.

While the proposed asset transaction is no longer expected to be considered a reverse takeover under Rule 14 of the AIM Rules for Companies, the shares will remain suspended pending the conclusion of the Company’s financial restructuring

To receive relevant news directly please register angus@flagstaffcomms.com

MicroSalt hits a major milestone as the food industry accelerates sodium reduction.

Read more via The Grocer:

https://www.thegrocer.co.uk/news/microsalt-hits-milestone-as-industry-pushes-to-reduce-sodium/715880.article

Https://youtu.be/gVc6f_GQNx8

Please find the link below:

https://www.brrmedia.co.uk/broadcasts-embed/698b58810453ba0012d23048/event/?popup=true

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