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Placing and Acquisition of interest in PEDL143
Placing and Acquisition of interest in PEDL143.
About this update from Angus Energy Plc
[{"type":"text","content":"\n \nRNS Number : 0442W Angus Energy PLC 06 February 2017 \n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (\"MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION AS PERMITTED BY MAR. THAT INSIDE INFORMATION IS SET OUT IN THIS ANNOUNCEMENT AND HAS BEEN DISCLOSED AS SOON AS POSSIBLE IN ACCORDANCE WITH PARAGRAPH 7 OF ARTICLE 17 OF MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION IN RELATION TO THE COMPANY AND ITS SECURITIES.\n \n 6 February 2017\nAngus Energy plc\n(\"Angus Energy\" or the \"Company\")\n£2,000,000 Fundraising\nand\nAcquisition of Interest in PEDL143 incorporating the Holmwood Prospect\n \nAngus Energy plc (\"Angus\" or the \"Company\"), an independent onshore oil and gas development company, is pleased to announce it has raised £2,000,000 by way of private placing (the \"Placing\") and reached agreement with Europa Oil & Gas Limited (\"Europa\" or the \"Operator\") to acquire a 12.5% economic interest by way of a farm-in arrangement in PEDL143 located within the Weald Basin, in southern England and containing the drill-ready Holmwood Prospect (the \"Acquisition\").\n \nThe Acquisition\nThe Company's wholly owned subsidiary, Angus Energy Weald Basin No.3 Limited (\"AWB3\") has entered into an agreement to acquire a 12.5% economic interest in PEDL143 through the immediate payment of certain historic costs incurred by th...