Angus Energy Begins Saltfleetby Workover to Boost Gas Production

An announcement from Angus Energy ( (GB:ANGS) ) is now available.

Angus Energy has launched a two-well coil tubing workover campaign at its wholly owned Saltfleetby Gas Field as part of its production enhancement strategy, targeting the removal of drilling additives, lifting accumulated liquids and addressing near-wellbore damage to improve output and reliability. The programme, which has the backing of lender Trafigura, will temporarily reduce field uptime to around 90% in December 2025 and 60% in January 2026 while interventions and subsequent four-to-six-week clean-up phases are carried out, with performance results expected by March 2026, signalling a near-term operational disruption in pursuit of longer-term production gains at its flagship UK gas asset.

Spark’s Take on GB:ANGS Stock

According to Spark, TipRanks’ AI Analyst, GB:ANGS is a Neutral.

Angus Energy’s overall stock score is driven by significant challenges in financial performance, with declining revenues and profitability. Technical analysis shows neutral momentum, while valuation metrics are unattractive due to negative earnings. However, positive corporate events, including strategic initiatives and operational improvements, provide some optimism for future growth.

To see Spark’s full report on GB:ANGS stock, click here.

More about Angus Energy

Angus Energy plc is a UK AIM-quoted independent oil and gas company and the leading onshore gas producer in the UK, focused on growing domestic onshore production and diversifying internationally. The company holds a 100% interest in the Saltfleetby Gas Field, majority ownership and operatorship of the conventional oil production fields at Brockham and Lidsey, and a 25% interest in the Balcombe licence, operating all fields in which it has an interest.

Average Trading Volume: 15,139,640

Technical Sentiment Signal: Strong Sell

Current Market Cap: £11.97M

For an in-depth examination of ANGS stock, go to TipRanks’ Overview page.