Angus Energy ( (GB:ANGS) ) has provided an announcement.
Angus Energy has announced its audited annual accounts for the year ending 30 September 2024, reporting strong revenues of £21.802 million and an EBITDA of £10.803 million. The company has focused on maximizing revenue, refinancing debt, and improving operational efficiency. A £20m loan facility from Trafigura PTE Ltd allowed Angus to exit expensive debt and invest in boosting gas production at the Saltfleetby Field and restarting oil production at Brockham. The company is also exploring opportunities for hydrogen storage and carbon capture, aligning with government energy security priorities. With legacy hedges ending in June 2025, Angus anticipates increased cash flows and plans to expand production through additional drilling.
More about Angus Energy
Angus Energy plc is a UK AIM quoted independent oil and gas company. It is the leading onshore gas producer in the UK, with a focus on expanding onshore production and diversifying internationally. The company holds a 100% interest in the Saltfleetby Gas Field, majority ownership of the Brockham and Lidsey oil production fields, and a 25% interest in the Balcombe Licence. Angus Energy operates all fields in which it has an interest.
YTD Price Performance: -5.00%
Average Trading Volume: 10,313,123
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £12.82M
See more data about ANGS stock on TipRanks’ Stock Analysis page.
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