RE: Zak Mir Traders Cafe interview with RH5 Sep 2024 17:43
From Investors/Investor Q&A - Most Popular Questions:
... Is the company considering inorganic growth?
As we speak, we are actively pursuing options for both mergers and acquisitions leveraging the extensive experience of our world class team.
There are around 300 small energy companies in the UK. Access to capital is very constrained, the opportunity for them to attract talent is limited and overhead costs are too high. The market is ready for consolidation through merger activity.
For a number of reasons, the UK is no longer an attractive place to invest in the upstream industry. Growth opportunities in oil and gas outside the UK offer significantly more attractive returns for shareholders.
We will consider compelling international acquisitions for onshore assets in North America and North Africa to improve existing producing assets.
This will diversify geographic exposure and reduce reliance on the UK.
We are focused on onshore opportunities in mature field management / efficiency.
As Angus considers inorganic growth opportunities, it is supported by its strategic partners, Trafigura and major shareholder Kemexon.