Angus Energy — Saltfleetby and Brockham Licence Extensions

(LSE:ANGS) Angus Energy has secured production licence extensions for Saltfleetby (PEDL005) to 3 April 2037 and Brockham (PL235) to 27 October 2035. These extensions have been formalised by Deeds of Variation with the NSTA. The licence extensions provide long-term regulatory tenure for these key assets. The extensions are expected to reduce licence uncertainty for the company. Angus Energy has signaled near-term operational activity at its assets. A workover at Brockham is planned for later this month. Preparations are progressing to drill a new well at Saltfleetby. The company states that these activities support potential value unlocking from existing production operations. The Saltfleetby asset is covered by licence PEDL005. The Brockham asset is covered by licence PL235. The National Security and Investment Act (NSTA) is the counterparty for the Deeds of Variation. The Saltfleetby licence is now extended until 3 April 2037. The Brockham licence is now extended until 27 October 2035. The company is progressing preparations for a new well at Saltfleetby. The company is planning a workover at Brockham later this month. These licence extensions are intended to provide long-term regulatory tenure and reduce licence uncertainty.