REG - Angus Energy PLC - Saltfleetby Gas Field Workover

Angus EnergyAnnouncement

19/12/2025 07:00

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RNS Number : 2023M  Angus Energy PLC  19 December 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.

 19 December 2025

Angus Energy PLC

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

(AIM:ANGS)

 

Saltfleetby Gas Field Workover

 

·          Two well coil tubing workover campaign at Saltfleetby

·          Improving production and reliability

 

Saltfleetby Gas Field Workover

 

In line with the Company's previously announced production enhancement
strategy, Angus is pleased to announce the commencement of a planned workover
programme at the Saltfleetby Gas Field. The workovers will be a coil tubing
deployed wellbore clean-up in two wells to remove any additives left during
the original drilling process, lift accumulated liquids within the wellbore
and remediate any near wellbore damage that may have occurred naturally over
time.  These workovers aim to improve production and reliability from the two
wells.

 

During the workover programme production will be periodically suspended, with
expected uptime at circa 90% in December 2025 and circa 60% in January 2026.
The workover programme is designed over two phases, with the physical
intervention followed by a clean-up period of approximately four to six weeks,
before the results of the workovers can be assessed in March 2026.

 

Carlos Fernandes, Finance Director comments: "The team has worked diligently
on the planning of these production enhancement projects, which are fully
supported by the Company's lender, Trafigura. We are excited to have these
significant projects underway and look forward to updating the market on the
results."

 

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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