Production, Operations, Corporate ,Finance Update

Angus Energy PLC

15 July 2026

 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 15 July 2026

Angus Energy PLC

 ("Angus Energy", the "Company" or together with its subsidiaries, the "Group")

(AIM:ANGS)

Second Quarter 2026 Production, Operations, Corporate and Finance Update

·   Production from the Saltfleetby Field in the Second Quarter of 2026 was 530 million standard cubic feet of natural gas and 3,365 barrels of gas condensate.

·    Gas sales of 5.85 million therms were achieved in the Quarter from the Saltfleetby Field.

·    Estimated revenues of £7.16m for the Quarter (approximate 37% increase over Q1 2026).

·    Revenues driven primarily by higher realised gas prices, improved hedging position and increased production volumes.

·    Production uplift driven by successful completion of Saltfleetby workovers.

·  First principal repayment of £1.29 million made under the Group's senior debt facility with Trafigura, reducing outstanding borrowings to £24.7 million at 30 June 2026.

Production and Operations Update

Saltfleetby

Gas sales from the Saltfleetby Field totalled 5.85 million therms during April, May and June 2026, compared to 5.24 million therms in the first quarter of 2026. This increase was driven by the successful completion of the Saltfleetby well workover programme.

Average monthly gas sales for the quarter were 1.95 million therms, up from 1.75 million therms in Q1 2026. Gas condensate production averaged 113 barrels per day, compared to 111 barrels per day in the previous quarter. Operational efficiency was 91% which is a slight increase following the impact of workover interventions on two of the three producing wells (Q1 2026: 87%).  

Saltfleetby Planned Maintenance

During July, the Company will undertake its planned annual maintenance shutdown alongside a programme of facility optimisation activities and subsurface data acquisition. As a result, production is expected to be intermittently impacted over a period of approximately 7 days with a full site shut down for an additional 7 days as the works are carried out. Normal production is expected to resume following completion of the programme.

Brockham

Total oil production from the Brockham Field for the quarter was 4,027 barrels, equating to an average production rate of 44 barrels per day, broadly in line with the previous quarter (Q1 2026: 4,114 barrels; 46 barrels per day). Operational efficiency was 100% (Q1 2026: 100%).

The Company is progressing preparations to restart production from the BRX4z well targeting the Portland reservoir.

Finance Update

Estimated revenues for the quarter were £7.16 million (Q1 2026: £5.24 million), representing an increase of approximately 37%, driven primarily by higher realised gas prices, increased production volumes and improved hedging position.

As at 30 June 2026, outstanding borrowings under the Group's senior debt facility with Trafigura had reduced to £24.7 million (31 March 2026: £26.0 million), following the Group's first principal repayment of £1.29 million.

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For further information please visit www.angusenergy.co.uk.

Angus Energy Plc                                                                

Carlos Fernandes

Finance Director                                                                        Via Flagstaff

SP Angel Corporate Finance LLP (Nomad and Broker)       www.spangel.co.uk

Stuart Gledhill / Jen Clarke / Richard Hail                               Tel:[phone]

OAK Securities (Joint Broker)                                                     www.oak-securities.com

Calvin Man / Oliver Morgan                                                        Tel: [phone]

Flagstaff  PR/IR                                                                    [e-mail]

Tim Thompson / Fergus Mellon / Alison Alfrey                            Tel:[phone]

About Angus Energy plc

Angus Energy plc is a UK AIM quoted independent oil and gas company. Angus is the leading onshore gas producer in the UK and has ambitious plans to grow onshore production and diversify internationally. 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.  

 

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