Business
Operations and Finance Update
Angus Energy PLC has reported a significant increase in Saltfleetby production, with average daily output reaching approximately 6.3 mmscfd over the past week, a circa 30% rise compared to Q4 2025, following successful coil tubing operations and well workovers at Saltfleetby-B7 and B2. The company is also continuing positive discussions with creditors regarding debt restructuring, though it cautions that failure to reach an agreement could create material uncertainty about its ability to continue as a going concern, and its shares are expected to remain suspended from trading on AIM pending the conclusion of this financial restructuring. 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. 19 February 2026 Angus Energy PLC ("Angus Energy", the "Company" or together with its subsidiaries, the "Group") (AIM:ANGS) Operations and Finance Update · Substantial increase in Saltfleetby production following completion of coil tubing operations. · Average daily production of approximately 6.3 mmscfd, over the last week, representing a circa 30% increase on Q4 2025 average daily production. Production and Operations Update Successful Completion of Well Workovers at Saltfleetby Coil tubing operations at Saltfleetby-B7 and B2 have been successfully completed. The programme included perforation of a sections of the tubing, and cleaning and stimulation of the wells using an acid and mutual solvent treatment. The wells are currently in the flowback phase, with gas, condensate and water returning to the production facility as expected. Operations were completed safely and without HSE incident, and all third-party contractors and equipment have now been demobilised. Initial results are encouraging. Average total field production has been approximately 6.3 mmscfd, over the last week, representing an increase of circa 30% compared to the average daily production achieved during Q4 2025. As previously indicated, the wells require a period of clean-up following the workover and well performance will continue to be monitored over the coming months, but the Company is delighted with the initial results. Balcombe Following extended delays associated with the planning process at Balcombe, the Company intends to resubmit its planning application in due course and will provide further updates as appropriate Finance Update Further to previous announcements (most recently 22 January 2026), Angus Energy confirms that positive discussions with its creditors regarding restructuring of its debt remain ongoing. While the Board is encouraged in respect of the conti...