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Angus Energy Share Price

In its 2021 interim results, released in September 2021, Angus Energy reported revenue of £0.4 million for the six months ended 30 June 2021. This was down from £0.8 million in the same period in the previous year. The company also reported a loss before tax of £4.4 million for the six months ended 30 June 2021, compared to a loss before tax of £2.9 million in the same period in the previous year.

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Angus Energy Share Price

Angus Energy PLC is a UK-based independent onshore oil and gas development company. It is listed on the London Stock Exchange’s Alternative Investment Market (AIM) under the ticker symbol ANGS. The company’s main focus is on the development and production of conventional oil and gas reserves from fields located in the Weald Basin in southern England. As of this post, Angus Energy Share Price is at 1.62 GBp.

ANGUS ENERGY SHARE PRICE

Brief Background of Angus Energy Share Price

Angus Energy PLC was founded in 2015 as a UK-based independent onshore oil and gas development company. Its main focus is on the development and production of conventional oil and gas reserves from fields located in the Weald Basin in southern England.

In 2017, Angus Energy acquired a 25% interest in the Lidsey oil field, located near Bognor Regis in West Sussex. The company also acquired a 12.5% interest in the Brockham oil field, located near Dorking in Surrey.

In 2018, Angus Energy acquired a 51% interest in the Saltfleetby gas field, located in Lincolnshire. The Saltfleetby gas field is one of the largest onshore gas fields in the UK, and Angus Energy plans to develop it into a significant gas production facility.

Since its inception, Angus Energy has undergone several changes in management and strategy. The company has faced challenges in gaining regulatory approval for its drilling activities, particularly in relation to its Brockham oil field. In 2020, Angus Energy announced that it was suspending its operations at the Brockham oil field due to the Covid-19 pandemic and the low oil price environment.

Overall, Angus Energy has had a relatively short history, and its performance in the stock market has been volatile, reflecting the challenges faced by the company in developing its oil and gas assets.

Advantages of Investing in Angus Energy Share Price

One potential advantage of investing in Angus Energy Share Price is that the company has a focused strategy on developing and producing conventional oil and gas reserves in the Weald Basin in southern England. This could provide the company with a competitive advantage and potentially lead to strong financial performance if the company is successful in its drilling activities.

Another potential advantage is that Angus Energy Share Price has interests in several oil and gas assets, including the Lidsey oil field, the Brockham oil field, and the Saltfleetby gas field. This diversification could potentially provide some level of risk mitigation for investors.

Main Competitors of ANGS Share Price

As an independent onshore oil and gas development company, Angus Energy Share Price operates in a competitive industry, and there are several other companies that operate in the same market segment. The main competitors of AAngus Energy Share Price are likely to be other independent oil and gas companies that operate in the UK onshore market.

Some of the key competitors of Angus Energy PLC in the UK onshore oil and gas industry include:

  1. UK Oil & Gas PLC
  2. Egdon Resources PLC
  3. Union Jack Oil PLC
  4. Alba Mineral Resources PLC
  5. Reabold Resources PLC
  6. Solo Oil PLC

These companies, along with Angus Energy PLC, are all listed on the Alternative Investment Market (AIM) of the London Stock Exchange, and they all operate in the exploration and production of oil and gas reserves in the UK onshore market.

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Conclusion

In terms of operational updates, Angus Energy announced in August 2021 that it had begun drilling operations at the Saltfleetby gas field, which it acquired in 2018. The company also announced that it had submitted a planning application to extend the life of its Brockham oil field in Surrey until 2040.

Overall, Angus Energy’s recent performance has been mixed, with declining revenue and increasing losses, but the company has continued its operations and announced plans for further development of its oil and gas assets.

FAQ

FAQ: Angus Energy Share Price

What is the historic performance of ANGUS ENERGY PLC stock?

Angus Energy PLC has a relatively short history since its listing on the Alternative Investment Market (AIM) of the London Stock Exchange in 2016. The company's share price has been volatile since its listing, reflecting the risks and uncertainties associated with the oil and gas industry.

In the first year of its listing, Angus Energy's share price fluctuated between a high of 16.25p and a low of 5.00p. Since then, the share price has continued to be volatile, with significant fluctuations in response to company announcements, operational updates, and wider economic and industry factors.

In 2020, Angus Energy's share price experienced a sharp decline as a result of the Covid-19 pandemic and the subsequent decline in global oil prices. However, the share price recovered somewhat in the latter part of the year, and it has remained volatile in 2021.

Does ANGUS ENERGY PLC pay dividends to its stockholders?

As of September 2021, Angus Energy PLC had not paid any dividends since its listing on the Alternative Investment Market (AIM) of the London Stock Exchange in 2016. The company has historically reinvested its profits into its operations and growth plans rather than paying dividends.

Who is the target market of ANGUS ENERGY PLC ?

As an independent onshore oil and gas development company, Angus Energy PLC's target market primarily includes customers in the UK energy market. The company operates in the upstream sector of the oil and gas industry, which involves the exploration, development, and production of oil and gas reserves.

Angus Energy's customers are typically energy suppliers, distributors, and traders who purchase oil and gas produced by the company. The company may also supply oil and gas to industrial customers, such as manufacturers and other businesses that rely on these resources for their operations.

In addition to its core oil and gas business, Angus Energy also aims to diversify its revenue streams by pursuing other opportunities in the energy sector, such as renewable energy and energy storage. This may expand the company's target market to include customers and partners in these emerging areas of the energy industry.

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Simon Williams
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