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 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.
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.
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:
- UK Oil & Gas PLC
- Egdon Resources PLC
- Union Jack Oil PLC
- Alba Mineral Resources PLC
- Reabold Resources PLC
- 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.