George Lucan, chief executive of Angus Energy (AIM:ANGS) Video Update

Today, Catherine is joined by George Lucan of Angus Energy to discuss the company’s recent good news around their newly online onshore gas field.

We are back online and what a journey, the long-suffering shareholders being rewarded at last, with more to come.

Finally, here we are, supply chain crises, an assembled plant, fully automated, what an achievement, almost all our suppliers are British, a great team effort. Right now we are not even scratching the surface, gas production will rise.

Major appointments to the board “sidetrack/second compressor to come online” stable flow rates, (P90 resources) sitting on 300m therms, Sidetrack/spudding set for mid-Oct Saltfleetby is putting gas directly into the National

Angus Energy, an independent offshore oil and gas company, is focused on developing its UK portfolio of assets. This includes the iconic project Saltfleetby (Lincolnshire), which now delivers gas to the National Grid.

Angus Energy is a tale of hard work and success. George Lucan, CEO of Angus Energy, inherited several different oil licenses in the Weald. He then transformed the company’s fortunes when he bought 51% of Saltfleetby which was once Britain’s most productive offshore gas field.

George raised the money over three years to bring Salfleetby to production. Now, in September 2022 Saltfleetby has started putting gas into National Grid. Angus is about to begin receiving regular revenue streams that will provide a foundation for future growth.

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