Angus offers shareholder opportunities through existing production and future organic and inorganic growth.
Onshore expertise
A major low risk production and exploration player in UK’s largest onshore gas with industry leading experience.
Commitment to growth
We are committed to growth utilising our world class team. This will be achieved through a series of mergers with carefully selected existing producing companies. We have also identified assets in UK, North Africa and North America that would complement the strategy.
ESG opportunities
We believe that onshore CO2 storage will be the only way the UK can achieve decarbonisation of heating and power. Saltfleetby will be ideally placed to be part of the solution.
We will also compliment production in North Africa will sustainable energy solutions.
Financial momentum
Good revenue growth and transition to strong EBITDA profitability following investment phase. The reserves of gas and condensate in the Saltfleetby Field were valued at £65 million (NPV10) in October 2023 (Competent Person’s Report). At current gas prices around 90p/therm, there is £250 million of gas remaining in the field in 2P Reserves, with additional upside resources not yet quantified.
Solid balance sheet
Prudent financial strategy centred around cost management and conservative gearing with sustainable balance sheet.
Shareholder commitment
In the short run our commitment is to grow the company’s share price. In the longer run we will deliver dividends.
