Business
Annual Financial Report and Notice of AGM
Annual Financial Report and Notice of AGM.
About this update from Angus Energy Plc
[{"type":"text","content":"\n \nRNS Number : 0206H Angus Energy PLC 07 March 2018 \n\nFor Immediate Release\n7 March 2018\nAngus Energy plc\n(\"Angus Energy\", \"Angus\", the \"Company\" or the \"Group\")\nAnnual Report and Accounts and Notice of Annual General Meeting\nAngus Energy is pleased to announce its audited annual accounts for the year ended 30 September 2017 (the \"Accounts\"), the extracts of which are set out below. \nIn addition, the Company's 2018 annual general meeting (\"AGM\") will be held on 29 March 2018 at 10.00 a.m. at the offices of Fladgate LLP, 16 Great Queen Street, London, WC2B 5DG.\nThe full copy of the Accounts along with the AGM Notice were posted to all shareholders on 6 March 2018 and are also available on the Company's website, http://www.angusenergy.co.uk/ \nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014\nEnquiries:\n\n\n\n\nAngus Energy Plc\n\n\n\n\n\n\n\nJonathan Tidswell-Pretorius / Paul Vonk\n\n\nTel: +44 (0) 208 899 6380\n\n\n\n\n\n\n\n\n\n\n\n\nBeaumont Cornish (NOMAD)\n\n\n\n\n\n\n\nJames Biddle/ Roland Cornish\n\n\nTel: +44 (0) 207 628 3396\n\n\n\n\n\n\n\n\n\n\n\n\nOptiva Securities Limited (BROKER)\n\n\n\n\n\n\n\nJeremy King/ Ed McDermott\n\n\nTel: +44 (0) 203 137 1902\n\n\n\n\n\n\n\n\n\n\n\n\nYellow Jersey \n\n\n\n\n\n\n\nTim Thompson\n\n\nTel: +44 (0) 203 735 8825\n\n\n\n\n \nExtracts from the Accounts are set out below:\nChairman's statement\n \nDear Fellow Shareholders, \n \nIt is my pleasure to present you Angus Energy's Annual Report for the year ended 30 September 2017. \n \nThis past year has been a critical for the Group's long-term success as we achieved key operational milestones after our Initial Public Offering: the drilling of Brockham-X4Z sidetrack and the new Lidsey-X2 horizontal production well. \n \nIn addition to these operational milestones, Angus Energy further strengthened its position as a leader in conventional onshore oil and gas development through the acquisition of an additional 10% interest in both the Brockham and Lidsey Oil Fields and a 12.5% interest in the Holmwood exploration license. Following the close of the 2017 reporting period, the Company also announced the acquisition of a 25% interest of the Balcombe licence (PEDL244).\n \nOur core focus is to optimise yields from the ...