RCS - Angus Energy PLC - Saltfleetby Field Booster Compressor

Angus EnergyAnnouncement

03/02/2025 07:15

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RNS Number : 5489V  Angus Energy PLC  03 February 2025

03 February 2025

 

Angus Energy Plc

("Angus Energy", the "Company" or together with its subsidiaries, the "Group")

(AIM:ANGS)

 

Saltfleetby Field Booster Compressor

 

Angus Energy (AIM: ANGS) is pleased to announce that the booster compressor
for the Saltfleetby Field gas processing facility in Lincolnshire has been
safely delivered.  The unit was manufactured in the USA and shipped to the
UK, arriving on site last week. It has been safely positioned on its concrete
plinth and the work to complete the installation process is now underway.
Commissioning and start-up of the new compressor is still expected to occur
before the end of the first quarter 2025.

 

The booster compressor supplements the existing two compressors at Saltfleetby
which operate to assist in the separation of liquid hydrocarbons from the gas
stream and to pressure the field's sales gas for entry into the National Grid.
The new compressor will maintain inlet pressures into these two compressors as
reservoir and well head pressure declines with depletion, increasing
production levels in the short term and field recovery over the life of the
field.

 

Angus will notify Investors when the Compressor is fully commissioned at
Saltfleetby.

 

END

 

For further information on the Company, please visit www.angusenergy.co.uk
(http://www.angusenergy.co.uk) or contact:

Enquiries:

 

Angus Energy Plc
                www.angusenergy.co.uk
(http://www.angusenergy.co.uk)

 

Richard Herbert

Chief Executive
Director
                Via Flagstaff

 

SP Angel Corporate Finance LLP (Broker)
www.spangel.co.uk (http://www.spangel.co.uk)

 

Stuart Gledhill / Jen Clarke / Richard Hail Tel: +44 (0)20 3470 0470

 

Flagstaff PR/IR
 
                angus@flagstaffcomms.com

 

Tim Thompson / Fergus Mellon / Alison Alfrey   Tel: +44 (0) 207 129 1474

 

About Angus Energy plc

 

Angus Energy plc is a UK AIM quoted independent onshore Energy Transition
company with a complementary portfolio of clean gas development assets,
onshore geothermal projects, and legacy oil producing fields. Angus is focused
on becoming a leading onshore UK energy infrastructure company. Angus Energy
has a 100% interest in the Saltfleetby Gas Field (PEDL005), majority owns and
operates conventional oil production fields at Brockham (PL 235) and Lidsey
(PL 241) and has a 25% interest in the Balcombe Licence (PEDL244). Angus
Energy operates all fields in which it has an interest.

Disclaimers - this Announcement includes statements that are, or may be deemed
to be, "forward-looking statements". These forward-looking statements can be
identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "forecasts", "plans", "prepares", "anticipates",
"projects", "expects", "intends", "may", "will", "seeks", "should" or, in each
case, their negative or other variations or comparable terminology, or by
discussions of strategy, plans, objectives, goals, future events or
intentions. These forward-looking statements include all matters that are not
historical facts. They appear in a number of places throughout this
Announcement and include statements regarding the Company's and the Directors'
intentions, beliefs or current expectations concerning, amongst other things,
the Company's prospects, growth and strategy. By their nature, forward-looking
statements involve risks and uncertainties because they relate to events and
depend on circumstances that may or may not occur in the future.
Forward-looking statements are not guarantees of future performance. The
Company's actual performance, achievements and financial condition may differ
materially from those expressed or implied by the forward-looking statements
in this Announcement. In addition, even if the Company's results of
operations, performance, achievements and financial condition are consistent
with the forward-looking statements in this Announcement, those results or
developments may not be indicative of results or developments in subsequent
periods. Any forward-looking statements that the Company makes in this
Announcement speak only as of the date of such statement and (other than in
accordance with their legal or regulatory obligations) neither the Company,
nor the Bookrunner nor Beaumont Cornish nor any of their respective
associates, directors, officers or advisers shall be obliged to update such
statements. Comparisons of results for current and any prior periods are not
intended to express any future trends or indications of future performance,
unless expressed as such, and should only be viewed as historical data.

Beaumont Cornish Limited, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, is acting as nominated adviser to
the Company in relation to the matters referred herein. Beaumont Cornish
Limited is acting exclusively for the Company and for no one else in relation
to the matters described in this announcement and is not advising any other
person and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Beaumont Cornish
Limited, or for providing advice in relation to the contents of this
announcement or any matter referred to in it.

 

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