RE: new invester forum questions1 Jun 2020 12:58
We think that in the current oil price environment there are one or two game-changers and company-makers out there likely to be shed by larger players as being inappropriate to their cost base. If we see one, we are ready to bid, but our main focus, as repeatedly said, is still delivery, delivery, delivery at Saltfleetby and Balcombe.
Angus today in 2020 is a very different company. The entire Board, bar one, is new as is half of the technical team and the operations team is greater in size and considerably more experienced. Operational and planning procedures are new. Regulatory and compliance systems are being put in place or refreshed. New assets, potentially vastly more profitable than those of old, are being brought into production and further acquisitions are being considered in a systematic and disciplined manner.