Business
Update on FSP & Schedule at Saltfleetby
Update on FSP & Schedule at Saltfleetby.
About this update from Angus Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7695Z\n Angus Energy PLC\n 27 January 2022\n \n \n \n \n THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE TAKEOVER CODE AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE.\n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"MAR\"), AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR.\n \n 27 January 2022\n Angus Energy Plc \n (\"Angus Energy\", \"Angus\" or the \"Company\")\n Update on Strategic Review, Formal Sale Process (\"FSP\")\n & Installation Schedule at Saltfleetby\n \n The Company is pleased to announce that all potential participants in the Formal Sales Process, presently numbering five have, along with Sound Energy plc, been invited into the Company's data room and the Company has already begun constructive engagement with these parties. \n The Company has today issued a brief infographic in the Presentations' section of the Angus website https://www.angusenergy.co.uk/media/presentations/ detailing the progress made at its 51% owned Saltfleetby Gas Field on fabrication, testing, assembly and certification on each of the skids together with, where fully advised, estimated delivery dates to site. This infographic is summarised in the table below.\n \n \n \n \n Skid/Unit\n \n \n Basc Fabrication Status\n \n \n Blasting, Painting Assembly, Testing, Certification etc\n \n \n Target Delivery Date\n \n \n \n \n Metering Package\n \n \n 100% complete\n \n \n Completed\n \n \n Completed\n \n \n \n \n Analysis Package\n \n \n 100% complete\n \n \n Completed\n \n \n Completed\n \n \n \n \n Flare Package\n \n \n 100% complete\n \n \n Mods and Recerts late Feb on site\n \n \n Completed\n \n \n \n \n Compressor Coolers\n \n \n 100% complete\n \n \n Complete\n \n \n Early February\n \n \n \n \n Storage Tanks\n \n \n 100% complete\n \n \n 75% complete\n \n \n Mid February\n \n \n \n \n Gas Engine Generator\n \n \n 100% complete\n \n \n Underway\n \n \n Mid February\n \n \n \n \n Fuel Gas Skid\n \n \n 100% complete\n \n \n Underway\n \n \n Early March\n \n \...