Delivering profitable oil safely

Angus Energy is a UK onshore oil and gas development and production company focused on advancing its portfolio of UK assets and leveraging its cash flow to acquire and monetise additional onshore opportunities.

Angus Energy’s core assets are major interests in, and operatorship of, two production licenses in southern England, the Lidsey and Brockham oil fields, and a 11.05% indirect interest in the Horse Hill oil discovery in the UK’s Weald Basin.

The Company’s operated and producing fields in Lidsey and Brockham provide attractive low-risk development opportunities and Angus Energy plans to drill two high impact development wells in order to increase (gross) production from c.50bopd to over 400 bopd. The third project is the Horse Hill discovery near Gatwick airport, operated by Horse Hill Developments Ltd, which was created by by Angus Energy to fund the drilling of the successful exploration well. The conventional and unconventional potential of the Horse Hill discovery will further be appraised through the upcoming well test.

Having operated in the conventional hydrocarbons industry for many years, the Company boasts a proven collaborative track record of delivering initiatives on time and on budget while engaging with all stakeholders and local communities.

Strategy

Simultaneous consolidation and growth: we will build cash flow from our existing asset base while evaluating new opportunities with a view to adding low cost, onshore development assets to further build production in the near-term.

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Operations

Angus Energy is a low-cost OGA/DECC and EA qualified UK operator with a number of core assets in the highly prospective Weald Basin in southern England.

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