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IN BRIEF: Angus Energy Sets Up Funding For Saltfleetby Field

30th Nov 2020 20:33

Angus Energy PLC - UK-focused onshore oil and gas explorer - Says it and partner Saltfleetby Energy Ltd enters into a Memorandum of Understanding with Aleph Energy Ltd and Aleph Commodities Ltd detailing non-binding heads of terms to provide up to GBP12 million towards the Saltfleetby finance facility required to develop the Saltfleetby Gas Field. Angus operates Saltfleetby field and holds a 51% working interest with Saltfleetby holding the remaining 49%.

Current stock price: 0.78 pence

Year-to-date change: down 4.8%

By Arvind Bhunjun; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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