Angus Energy ( (GB:ANGS) ) has issued an announcement.
Angus Energy has announced the conversion of £1,000,000 of Deferred Consideration into 427,893,123 Ordinary Shares, alongside issuing 137,145,481 shares for accrued interest, reflecting shareholder confidence in the company’s growth potential. Additionally, the installation of a new booster compressor at Saltfleetby is on schedule, expected to enhance production levels and field recovery by allowing operations at lower well head pressure.
More about Angus Energy
Angus Energy plc is a UK AIM quoted independent oil and gas company. It is the leading onshore gas producer in the UK with plans to expand onshore production and diversify internationally. Angus Energy holds a 100% interest in the Saltfleetby Gas Field, majority ownership in Brockham and Lidsey oil fields, and a 25% interest in the Balcombe Licence. The company operates all fields in which it has an interest.
YTD Price Performance: -3.33%
Average Trading Volume: 10,262,790
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £12.82M
Find detailed analytics on ANGS stock on TipRanks’ Stock Analysis page.