Operations Update

RNS Number : 5828S

Angus Energy PLC

09 July 2020

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) ("MAR"). THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

9 July 2020

Angus Energy Plc

("Angus Energy" or the "Company")

Operations Update

Angus Energy (AIM: ANGS) is updating the market on progress made on the Company's interests at Saltfleetby.

Angus Energy Weald Basin No.3 Ltd, the Company's wholly owned subsidiary, has entered into a Gas Construction Agreement with National Grid regarding the works to be carried out on their property. Under this agreement, the National Grid has agreed to carry out the works required for the design and construction of National Grid Facilities at Theddlethorpe. Long lead items have been ordered and construction remains in line with our project schedule.

George Lucan, Managing Director, writes:

"This is an important step in getting Saltfleetby fully reconnected and ready for gas exports."

END.

Enquiries:

Angus Energy Plc	www.angusenergy.co.uk
George Lucan	Tel: [phone]
Beaumont Cornish (Nomad)	www.beaumontcornish.co m
James Biddle/ Roland Cornish	Tel: [phone]
WH Ireland Limited (Broker)
Katy Mitchell/ Harry Ansell	Tel: [phone]
Flagstaff PR/IR	[e-mail]
Tim Thompson	Tel: [phone]
Fergus Mellon

Notes

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 25% interest in the Balcombe Licence (PEDL244) and a 12.5% interest in the PEDL143 Licence (A24 Prospect) and a 51% interest in the Saltfleetby Gas Field (PEDL005).

 

END

 

 

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