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UK: Angus Energy announces signing of the Saltfleetby finance facility 13 May 2021 Loan Facility, conditional only on the setting of the hedge, regulatory approval of the royalty arrangement by the Oil and Gas Authority ('OGA') and a handful of administrative provisions, has now been signed between Angus and Mercuria Energy Trading and Aleph Saltfleetby, as the co-Lenders. As previously notified, the Company awaits approval of the Field Development Plan from the OGA although this is now expected to follow the initial drawdown under the Facility. The terms of the Loan Facility remain subst...

Saltfleetby Loan Facility Update   Angus Energy plc (AIM: ANGS) is pleased to announce, further to the RNS of 19 January 2021 that the Company has received a "best efforts" expression of commitment in the form of a conditional Mandate Letter, for between £8 and £9 million toward the proposed £12 million Saltfleetby Equipment Finance and Field Development Loan Facility from a major multi-national institution (the "Mandate Letter"). The Mandate commitment is conditional also on the participation of other institutions and investors for the balance of £3 to £4 million.  The Com...