Proactive Investors - Run By Investors For Investors

Angus Energy a small company with big plans

Angus Energy (LON:ANGS) made its AIM debut Monday having raised £3.5mln and is a junior with some big plans.

Proactive's Andrew Scott recently caught up with managing director Paul Vonk from the firm, which has interests in two recently producing oilfields in southern England.

Providing the upside to the base case is an asset called the Brockham Oilfield in Surrey.

It shares many geological similarities with the nearby Horse Hill discovery, over the border in Sussex and better known as the Gatwick Gusher.

In fact Angus was one of the driving forces behind Horse Hill before it divested its stake to concentrate on Brockham, one of two assets it is bringing to market.

The initial plans are fairly modest. It will perform a side-track at Brockham and drill a new horizontal well on the other licence, Lidsey, in West Sussex.

 
Meet Yellow Cake PLC, Avation PLC, Manolete Partners PLC and Crossword Cybersecurity Plc at our event, London , 05 September 2019. Register here »
View full ANGS profile View Profile

Angus Energy PLC Timeline

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use