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8 Nov 2017 11:29
8 November 2017
Angus Energy Plc
("Angus Energy" or the "Company")
Angus Energy Increases Interest in Brockham Oil Field PL235 to 65%
OGA Approves Acquisition From Terrain Energy Limited
Angus Energy Plc, a conventional oil and gas production and development company, is pleased to announce that following the Company RNS of 16 December 2016, Angus Energy has received final regulatory approval from the Oil and Gas Authority ("OGA") for its previously disclosed agreement to acquire Terrain Energy Limited's 10% interest in Brockham Oil Field PL235.
The now completed acquisition increases Angus Energy's wholly owned subsidiary, Angus Energy Weald Basin No.3 Limited's ( "AWB" or the "Operator") interest in the PL235 production license to 65%.
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About Angus Energy plc.
Angus Energy plc. is a UK AIM quoted independent onshore oil and gas production and development company focused on leveraging its expertise to advance its portfolio of UK assets as well as acquire, manage and monetise select projects. Angus Energy majority owns and operates conventional oil production fields at Brockham (PL 235) and Lidsey (PL 241) and has a 12.5% interest in the Holmwood licence (PEDL143).
Enquiries:
Angus Energy Plc | |
Jonathan Tidswell-Pretorius / Paul Vonk | Tel: +44 (0) 208 899 6380 |
Beaumont Cornish (NOMAD) | |
James Biddle/ Roland Cornish | Tel: +44 (0) 207 628 3396 |
www.beaumontcornish.com | |
Optiva Securities Limited (BROKER) | |
Jeremy King/ Ed McDermott | Tel: +44 (0) 203 137 1902 |
Yellow Jersey | |
Tim Thompson | Tel: +44 (0) 203 735 8825 |
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