Business
Hedging Update
Angus Energy PLC has updated its hedging position, securing an additional 7.745 million therms through to June 2027 at an average weighted price of approximately 101 pence per therm, with specific early hedges for April, May, and June 2026 at 141, 135, and 127 pence per therm respectively. This brings the total hedged volume to approximately 12.9 million therms, representing about 44% of forecast gas production, which the company believes provides revenue visibility and predictable cash flow while retaining exposure to potential price upside. Disclaimer*
About this update from Angus Energy Plc
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN. 10 March 2026 Angus Energy PLC ("Angus Energy", the "Company" or together with its subsidiaries, the "Group") (AIM:ANGS) Hedging Update · New hedges placed through to June 2027 at an average weighted price of approximately 101 pence per therm. · Total hedged position of approximately 12.9 million therms through to June 2027. · Aggregate hedge portfolio at an average weighted price of approximately 101 pence per therm. · Hedges represent approximately 44% of the Company's forecast gas production over the period. The Company has successfully placed additional gas hedges covering the period April 2026 to June 2027, securing 7.745 million therms at an average weighted price of approximately 101 pence per therm. This includes early hedges placed at particularly strong prices, with April, May and June 2026 volumes secured at 141 pence, 135 pence and 127 pence per therm respectively. When combined with the Company's existing hedge portfolio, the total hedged position now stands at approximately 12.9 million therms at a weighted average price of approximately 101 pence per therm through to June 2027. This combined hedge position represents approximately 44% of the Company's forecast gas production over the period. The hedging programme provides significant fixed revenue visibility, underpinning the Company's operating cost base and supporting predictable cash flow generation. Importantly, approximately half of forecast production remains unhedged, allowing the Company to retain meaningful exposure to potential upside in UK gas prices. The Board believes this balanced hedging strategy strengthens the Company's financial resilience while preserving the opportunity to benefit from favourable gas market conditions. The Company will continue to monitor market conditions and may add to its hedging portfolio where doing so enhances long...