@angusenergyplc (AIM #ANGS) has agreed in principle to restructure its debt with its three main creditor groups: Trafigura, ORRI noteholders, and Forum Energy Services Ltd.
The proposed deal is aimed at strengthening the balance sheet, improving liquidity, and creating a more apital structure, though final agreements are still being negotiated.
Trading in the company’s shares on AIM remains suspended while the restructuring process is completed.
investegate.co.uk/announcement/r…
@angusenergyplc (AIM #ANGS) has reported a sharp increase in production at its Saltfleetby gas field, with average daily output reaching around 6.3 million standard cubic feet per day over the past week. This represents an increase of roughly 30% compared with the fourth quarter llows successful coil tubing operations and well workovers at the Saltfleetby-B7 and B2 wells.
The company also said it continues to hold constructive discussions with creditors regarding a debt restructuring. However, Angus cautioned that failure to secure an agreement could create material uncertainty over its ability to continue as a going concern. Its shares are expected to remain suspended from trading on AIM until the financial restructuring is completed.
share-talk.com/angus-energy-p… via @Share_Talk
@angusenergyplc
The silence regarding this ongoing Share Suspension, is absolutely disgraceful. LTH's deserve better than this, and should be told the truth. This is just another example of why many Investors, stear clear of AIM Companies.
#ANGS
*Snif sniff* que huelo? Toxic ship?
Que salga un iluminado a escribir un fanfic de c!Rch obsesivo x c!frfa
ola ola ayuda #witherknight q vengan los #angs
@angusenergyplc (AIM #ANGS) has strengthened its hedging strategy by securing an additional 7.745 million therms of gas sales through to June 2027. The new hedges have been agreed at an average weighted price of about 101 pence per therm.
For the nearer term, the company has rices for early 2026, with hedges set at 141 pence per therm for April, 135 pence for May and 127 pence for June.
Following the latest arrangements, Angus Energy now has roughly 12.9 million therms hedged, covering around 44% of its forecast gas production.
share-talk.com/angus-energy-p… via @Share_Talk
@angusenergyplc (AIM #ANGS) has reported a sharp increase in production at its Saltfleetby gas field, with average daily output reaching around 6.3 million standard cubic feet per day over the past week. This represents an increase of roughly 30% compared with the fourth quarter llows successful coil tubing operations and well workovers at the Saltfleetby-B7 and B2 wells.
The company also said it continues to hold constructive discussions with creditors regarding a debt restructuring. However, Angus cautioned that failure to secure an agreement could create material uncertainty over its ability to continue as a going concern. Its shares are expected to remain suspended from trading on AIM until the financial restructuring is completed.
share-talk.com/angus-energy-p… via @Share_Talk
-Company Update-@angusenergyplc announces NED appointments: Alex Craig will represent #ANGS large shareholding group, Aleph Commodities & Richard Glass will represent Forum Holdings - both bringing a wealth of experience in acquisitions & corporate finance
londonstockexchange.com/news-article/A…
-Company Update- @angusenergyplc Q2 Update:
-Legacy Hedges roll off ➡️significant increase in operating cashflows
-Saltfleetby: 351m scf natural gas; 6,129 barrels of gas condensate & gas sales 3.90m therms
-Brockham: 3,890bbl
-£3.44m est revenues
londonstockexchange.com/news-article/A…#ANGS
#ANGS reports H1 EBITDA of £6.943m, healthy profits of £0.756m, with operational success in the installation of a booster compressor. ticker.app/lse/ANGS/rns/2…
@AIM_Sheriff Just looked at my posting history. I was negative about #ANGS at 2.1p Now suspended at 0.2p Guess my "causing trouble" opinion was correct after all.