Saltfleetby and Brockham Licence Extensions
Summary by AI BETAClose X
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.
5 November 2026
Angus Energy PLC
(“Angus Energy”, the “Company” or together with its subsidiaries, the “Group”)
(AIM:ANGS)
Saltfleetby and Brockham Licence Extensions Approved
- Saltfleetby (PEDL005): Production licence extended to 3 April 2037, providing long-term licence certainty for the Company's key gas-producing asset.
- Brockham (PL235): Production licence extended to 27 October 2035, supporting the Company's continued plans for the field.
- Regulatory approvals secured: Both extensions have been formalised through Deeds of Variation with the NSTA following submission of the respective Field Development Plan Addendums ("FDPAs")
Angus Energy Plc ("Angus Energy" or the "Company") is pleased to announce that the North Sea Transition Authority ("NSTA") has approved extensions to the production licences covering the Saltfleetby gas field and Brockham field.
Saltfleetby Gas Field – PEDL005
The Company confirms that the co-licensees of PEDL005 and the NSTA have executed a Deed of Variation extending the licence until 3 April 2037. The extension provides long-term regulatory certainty and continuity for production operations at the Saltfleetby gas field.
Brockham Field – PL235
The Company also confirms that the co-licensees of PL235 and the NSTA have executed a Deed of Variation extending the licence until 27 October 2035. The extension provides continued licence tenure for the Brockham field.
Ross Pearson, Chief Operating Officer, commented:
“These licence extensions provide long-term certainty for both assets and support our strategy of organic growth across our UK onshore portfolio. With a workover at Brockham planned for later this month and preparations for drilling a new well at Saltfleetby progressing well, we remain focused on unlocking further value from our existing assets.”
END
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:+44 (0)20 3470 0470
Flagstaff PR/IR angus@flagstaffcomms.com
Tim Thompson / Fergus Mellon / Alison Alfrey Tel:+44 (0) 207 129 1474
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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