REG - Angus Energy PLC - Finance, Potential Acquisition Update

Angus EnergyAnnouncement

Mon 07:00

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RNS Number : 0037D  Angus Energy PLC  13 October 2025

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION
(EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN
UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS
CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

13 October 2025

Angus Energy PLC

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

(AIM:ANGS)

 

Finance, Potential Acquisition by Reverse Takeover Update

 

Finance Update

Further to the announcement of 21 July 2025, Angus Energy is pleased to
confirm that the Company and Trafigura have agreed non-binding terms to
restructure its debt subject to final agreement on new covenants, and subject
to agreeing revised terms with the Overriding Royalty Interest holders
("ORRI") and the Deferred Consideration owed to Forum Energy Services Ltd.
Full details will be announced in the coming weeks.

 

The restructuring is expected to provide a stable financial platform to
support future operations and deliver long-term shareholder value. By
consolidating and refinancing existing debt facilities, the Company will be
better positioned to raise new capital in support of organic growth, increased
production, and potential M&A activity. The Company is benefitting from
higher oil and gas prices and continues to carefully manage its working
capital position in conjunction with its lenders.

 

Potential Acquisition by Reverse Takeover

Further to the announcement of 19 May 2025, the Company is continuing with its
due diligence on the purchase of a group of producing assets located in the
Gulf of America. The Board is meeting in the coming weeks to agree whether or
not to proceed with the transaction. The Company will update the market
accordingly.

 

END

For further information please visit www.angusenergy.co.uk
(http://www.angusenergy.co.uk) .

Angus Energy Plc
 

 

Carlos Fernandes

Finance Director
               Via Flagstaff

 

SP Angel Corporate Finance LLP (Nomad and 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
(mailto: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 oil and gas company. Angus is
the leading onshore gas producer in the UK and has ambitious plans to grow
onshore production and diversify internationally. 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.

 

 

 

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