12th Jul 2022 14:42
Angus Energy PLC - oil and gas development company focused on UK assets - Says it is making good progress with the testing and inspection of facilities at the wholly-owned Saltfleetby Gas Field in Lincolnshire, England. Adds that first production is expected during the third quarter of 2022 and is anticipated to "comfortably exceed" the hedge amount advised previously as 3.4 million therms for July to September.
Separately, Agnus raises GBP1.0 million through the direct subscription of 91.0 million shares at a price of around 1.10 pence each. This completes the subscription originally announced on May 24 for a total of GBP6 million.
Current stock price: 1.35 pence, up 4.8% on Tuesday afternoon in London
12-month change: up 35%
By Heather Rydings; [email protected]
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