TIDMANGS

Angus Energy PLC

14 June 2022

14 June 2022

Angus Energy Plc

("Angus Energy", "Angus" or the "Company")

Progress Update at Saltfleetby

Angus Energy (AIM: ANGS) is pleased to announce that in accordance with the timings announced on 10 June all welding and hydrotesting of lines requiring inspection under the Pressure Equipment Safety Regulations has been completed and the site has been significantly de-manned with scaffolding removed from the pipe-rack. A handful of lower category lines remain to be hydrotested without inspection this week.

The next and final stage in proving mechanical integrity will be to introduce nitrogen into the plant for a five day leak and pressure test which we expect to commence at the end of this week. Meanwhile the electrical - power and control and instrumentation - installation continues at pace.

END.

Enquiries:

 
 Angus Energy Plc           www.angusenergy.co.uk 
 George Lucan               Tel: +44 (0) 208 899 
                             6380 
 
 Beaumont Cornish (Nomad)   www.beaumontcornish.com 
 James Biddle/ Roland       Tel: +44 (0) 207 628 
  Cornish                    3396 
 
 WH Ireland Limited 
  (Broker) 
 Katy Mitchell/ Harry       Tel: +44 (0) 113 394 
  Ansell                     6600 
 
 Flagstaff PR/IR            angus@flagstaffcomms.com 
 Tim Thompson               Tel: +44 (0) 207 129 
                             1474 
 Fergus Mellon 
 Aleph Commodities          info@alephcommodities.com

Notes

About Angus Energy plc

Angus Energy plc is a UK AIM quoted independent onshore Energy Transition company with a complementary portfolio of clean gas development assets, onshore geothermal projects, and legacy oil producing fields. Angus is focused on becoming a leading onshore UK diversified clean energy and energy infrastructure company. Angus Energy has a 100% interest in the Saltfleetby Gas Field (PEDL005), majority owns and operates conventional oil production fields at Brockham (PL 235) and Lidsey (PL 241) and has a 25% interest in the Balcombe Licence (PEDL244). Angus Energy operates all fields in which it has an interest.

Important Notices

This announcement contains 'forward-looking statements' concerning the Company that are subject to risks and uncertainties. Generally, the words 'will', 'may', 'should', 'continue', 'believes', 'targets', 'plans', 'expects', 'aims', 'intends', 'anticipates' or similar expressions or negatives thereof identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company's ability to control or estimate precisely. The Company cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this announcement. The Company does not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.

Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of the Company.

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END

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(END) Dow Jones Newswires

June 14, 2022 11:36 ET (15:36 GMT)

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