Things looking very good.11 Jul 2025 08:18
I have had very reassuring feedback from the company over the last couple of months. Aligns very much with the positive comments from various official updates in the same period. How any of these cretins can post doom and gloom is beyond me. It is clear to everyone that they have near term cashflow challenges with workover requirements. It is also very clear that they are addressing this through deferring payments, restructuring debt profile, raising cash and also enjoying a huge instant revenue boost with the hedge. I reiterate, all will end up well for shareholders here, I just wish they would finalise and announce to shut up the negativity
11th July
having consulted with the Company's nominated adviser SP Angel Corporate Finance LLP, consider that the terms of the revised arrangements with Forum are fair and reasonable insofar as shareholders are concerned.
30th June
the Company reported strong EBITDA for the period. The Board remains committed to unlocking the significant potential embedded in our asset base and corporate platform. Our goal is to position the Company to better weather near-term volatility while laying the foundation for sustainable long-term growth.
We have also taken proactive steps to pursue both organic and inorganic growth opportunities. On the organic front, our technical teams have identified a number of near-field development and optimization targets within our existing portfolio that is needed to enhance production and cash flow. Concurrently, our M&A team remains active in evaluating potential transactions that are value-accretive, strategically aligned, and capable of accelerating our transformation.
The Board remains confident that, with discipline and strategic focus, we can emerge stronger and better positioned to take advantage of the opportunities ahead.
19th June
He was responsible for the refinancing of the Company and has set Angus on the course for future growth.
6th June
Angus Energy confirms that positive discussions with Trafigura regarding the resculpting of the original payment schedule and the potential transaction are ongoing.
19th May
Completion of this transformational transaction would represent a major strategic development for Angus Energy, with a significant increase in reserves, production and positive cash flow