REG - Angus Energy PLC - New Appointments

Angus EnergyAnnouncement

02/09/2022 10:30

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RNS Number : 1077Y  Angus Energy PLC  02 September 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (EU) 6/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED
IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR.

 

 

2 September 2022

 

Angus Energy Plc

("Angus Energy", "Angus" or the "Company")

New Appointments

 

Angus Energy (AIM: ANGS) is pleased to announce the proposed appointment of
Krzysztof Zielicki as a Non-Executive Director on the Board of the Company
subject to the completion of regulatory checks including Nomad approval.
Krzysztof brings over 40 years of experience in the oil and gas industry. He
has held leading roles for several Energy Majors, including BP and Rosneft,
where he was Vice President for M&A and Strategy. He brings a wealth of
technical, commercial and managerial experience as Angus enters the next phase
of its growth strategy.

The Company is also pleased to announce the engagement of Richard Herbert,
with the responsibility of developing and expanding production at the
Saltfleetby Gas Field and other assets in the Angus portfolio. Richard brings
40 years of experience in the energy industry. He has held several executive
positions at BP, including the development and operations at Wytch Farm (the
last major onshore UK gas field).  Following this role, Richard was COO of
Exploration at BP and CEO of Frontera. Richard brings considerable technical,
managerial and operational expertise.

George Lucan, CEO comments "I am delighted to be bringing on board Krzysztof
and Richard into our team, as we enter the next stage of our growth strategy.
They each bring a pool of skill and expertise that will enable the
transformation of Angus from a small cap into a major player in the production
and storage of hydrocarbons, as we work on the expansion of existing
production and the evaluation of Saltfleetby for strategic gas storage."

END.

 

Enquiries:

 Angus Energy Plc              www.angusenergy.co.uk (http://www.angusenergy.co.uk/)
 George Lucan                  Tel: +44 (0) 208 899 6380

 Beaumont Cornish (Nomad)      www.beaumontcornish.com (http://www.beaumontcornish.com/)
 James Biddle/ Roland Cornish  Tel: +44 (0) 207 628 3396

 WH Ireland Limited (Broker)
 Katy Mitchell/ Harry Ansell   Tel: +44 (0) 113 394 6600

 Flagstaff PR/IR               angus@flagstaffcomms.com (mailto:angus@flagstaffcomms.com)
 Tim Thompson                  Tel: +44 (0) 207 129 1474
 Fergus Mellon
 Aleph Commodities             info@alephcommodities.com

 

 

 

 

 

Notes

 

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 diversified clean energy and 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.

 

Important Notices

This announcement contains 'forward-looking statements' concerning the Company
that are subject to risks and uncertainties. Generally, the words 'will',
'may', 'should', 'continue', 'believes', 'targets', 'plans', 'expects',
'aims', 'intends', 'anticipates' or similar expressions or negatives thereof
identify forward-looking statements. These forward-looking statements involve
risks and uncertainties that could cause actual results to differ materially
from those expressed in the forward-looking statements. Many of these risks
and uncertainties relate to factors that are beyond the Company's ability to
control or estimate precisely. The Company cannot give any assurance that such
forward-looking statements will prove to have been correct. The reader is
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this announcement. The Company does not
undertake any obligation to update or revise publicly any of the
forward-looking statements set out herein, whether as a result of new
information, future events or otherwise, except to the extent legally
required.

 

Nothing contained herein shall be deemed to be a forecast, projection or
estimate of the future financial performance of the Company.

 

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