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LONDON - Angus Energy PLC (AIM:ANGS), a UK-based oil and gas company, announced today that it has received an extension for its first principal repayment from commodities trading giant Trafigura until May 31, 2025. This development follows the company’s previous announcement on May 19, 2025, regarding ongoing discussions with Trafigura to restructure its debt repayment schedule.
The extension provides Angus Energy with additional time to work on a "resculpting solution" and the potential transaction with Trafigura, as the company continues its operations in the UK’s onshore oil and gas sector. Angus Energy is known for its 100% stake in the Saltfleetby Gas Field and its majority ownership and operational control of the Brockham and Lidsey oil production fields. Additionally, the company holds a 25% interest in the Balcombe Licence.
The financial details of the extension were not disclosed, but the agreement indicates Trafigura’s willingness to negotiate and support Angus Energy during this period. The extension is a significant development for Angus Energy, as it allows the company more time to manage its financial obligations without the immediate pressure of a principal repayment.
The announcement was made in accordance with the Market Abuse Regulation, which requires the disclosure of inside information related to publicly traded companies in the UK. With the public release of this information, it is now considered to be in the public domain.
Angus Energy’s focus remains on growing its onshore production and diversifying its operations internationally. The company operates all fields in which it has an interest and is recognized as a leading onshore gas producer in the UK.
This news is based on a press release statement from Angus Energy and further information can be found on the company’s website. The extension granted by Trafigura is a key financial development for Angus Energy as it continues to navigate the complexities of the oil and gas industry.
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