(Alliance News) - Stock prices in London closed up on Wednesday as local consumer price inflation slowing faster than expected boosted investor sentiment. Read More
Angus Energy PLC - UK-focused onshore oil and gas developer - Agrees a GBP20 million debt facility with Trafigura PTE Ltd to refinance all its existing debt, as well as to fund additional capital expenditure projects to raise production at Saltfleetby field. The debt facility has a five-year amortising term with a one-year repayment grace period. It has an interest margin over sterling overnight index average of 8%, compared to 12% on existing senior debt and 15% on bridge facility. Trafigura expects a closing date in January. Angus adds that its existing hedge contract will be replaced with a fixed price offtake, with Trafigura acting as offtaker. Says the new funds will accelerate work on gas storage feasibility. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
Angus Energy PLC - UK-focused oil and gas development company - Says it has successfully commissioned the permanent flowline for its BO7T well at the Saltfleetby gas field in Lincolnshire with minimum production loss. Notes that it faced challenges from weather conditions during construction, as well as in finalising the flowline design. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Angus Energy PLC on Tuesday announced "reassuring" results from an updated competent person's report on its Saltfleetby gas field, and plans to restart testing at a West Sussex wellsite. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Angus Energy PLC on Friday said it was benefitting from strong gas prices as its production averaged 80,000 therms per day in June. Read More
(Alliance News) Angus Energy PLC on Friday announced a refinancing package, a potential new revenue stream and the departure of a senior executive. Read More
Angus Energy PLC - UK-focused onshore oil and gas company - Says work on the compressor engine at Saltfleetby gas field in East Lincolnshire has been successfully completed and has returned to dual compressor operation with all three wells on stream. Read More
Angus Energy PLC - UK-focused onshore oil and gas company - Reports 6.8 million therms of gas produced and sold from Saltfleetby Field in April, May and June combined or 2.3 million therms per month on average. New B07T well came online for export in early May, resulting in 2.6 million therms exported during that month. However a full plant shutdown from June 19 to June 21 identified problems with a compressor, resulting in export of 2.5 million therms that month due to only one compressor working. Maintenance on the second compressor should be completed this week, returning the field to full flow. Angus achieved peak daily production rates of 9.3 million standard cubic feet per day during the quarter with average rate of 6.8 mmscfd due to B07T only starting production halfway through. Flow rates from B07T have been in excess of 4.25 mmscfd for long periods. A permanent flow line is under construction with a target of end August for commissioning. Gas condensate production averaged 160 barrels per day. Read More
(Alliance News) - Angus Energy PLC on Friday said it swung to profit in its first-half on increased revenue, as it also met production targets. Read More
Angus Energy PLC - UK onshore oil and gas production and development - Successfully assisted a "fellow operator" in a planned pipe inspection operation last week. This planned operation demanded the diversion of Angus's export flow from the Saltfleetby gas field in Lincolnshire into a third-party pipeline and involved two transmission grid entry points and two industrial customers on the Humber. Read More
Angus Energy PLC - UK-based independent onshore oil and gas development company - Says production at Saltfleetby fields reaches steady operating state from B2, A4 and B7T wells. Is now exporting gas to National Grid PLC at an average daily rate of 9.5 million standard cubic feet per day, reaching peak flows of over 10mmscf. Anticipates exceeding a combined average daily rate of 10mmscf. Says winter 2023-2024 pricing is strong, forecasted at GBP1.24 per therm, expects to generate GBP2.5 million in monthly average revenue from Saltfleetby operations. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Angus Energy PLC said on Wednesday morning that it had appointed George Lucan as chair, confirming a previous announcement made last month. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More