Angus Energy Regulatory News (ANGS)

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR.

4 October 2022

Angus Energy Plc 

("Angus Energy", "Angus" or the "Company")

Board Changes

Angus Energy (AIM: ANGS) is pleased to announce that, further to the announcement of 2 September 2022, Krzysztof Zielicki has now joined the Board of the Company as a Non-Executive Director. Krzysztof brings over 40 years of experience in the oil and gas industry. He has held leading roles for several Energy Majors, including BP and Rosneft, where he was Vice President for M&A and Strategy. He brings a wealth of technical, commercial and managerial experience as Angus enters the next phase of its growth strategy and has recently been appointed a Non-Executive Director of AIM traded SDX Energy Plc.

Krzys replaces Cameron Buchanan, who departs today, as Independent Non-Executive Director on the Board. Cameron took the role of Non-Executive Director at IPO in 2016 and has been a faithful and reliable Non-Executive Director throughout this period, stepping in on occasion to take the role of Acting Chairman. We have all enjoyed working with Cameron and we wish him well in the future.

George Lucan, CEO Angus, writes: ""I am delighted to be bringing on board Krzysztof into our team, as we enter the next stage of our growth strategy. He brings a pool of skill and expertise that will assist with the transformation of Angus from a small cap into a major player in the production and storage of hydrocarbons, as we work on the expansion of existing production and the evaluation of Saltleetby for strategic gas storage."

Krzysztof Zielicki, writes: "I am delighted to join the team. I look forward to helping George and the Board implement and execute their vision to transform Angus into a Major hydrocarbon producer and storage owner, through organic growth and strategic acquisitions. I am also very excited to leverage on my past experiences and network to further Angus's energy transition goals to develop and fund the company's geothermal portfolio."

Other than as disclosed below, there are no further disclosures to be made in accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies:

Krzysztof Antoni Zielicki (aged 64) is or has during the last five years been a director or partner of the following companies and partnerships:

Krztsztof Zielicki does not hold any Ordinary Shares of the Company's issued share capital.

END.

Enquiries:

Notes

About Angus Energy plc

Angus Energy plc is a UK AIM quoted independent onshore Energy Transition company with a complementary portfolio of clean gas development assets, onshore geothermal projects, and legacy oil producing fields. Angus is focused on becoming a leading onshore UK diversified clean energy and energy infrastructure company. Angus Energy has a 100% interest in the Saltfleetby Gas Field (PEDL005), majority owns and operates conventional oil production fields at Brockham (PL 235) and Lidsey (PL 241) and has a 25% interest in the Balcombe Licence (PEDL244). Angus Energy operates all fields in which it has an interest.

Important Notices

This announcement contains 'forward-looking statements' concerning the Company that are subject to risks and uncertainties. Generally, the words 'will', 'may', 'should', 'continue', 'believes', 'targets', 'plans', 'expects', 'aims', 'intends', 'anticipates' or similar expressions or negatives thereof identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company's ability to control or estimate precisely. The Company cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this announcement. The Company does not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.

Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of the Company.