Angus Energy (LSE:ANGS) has delivered a marked increase in production at its Saltfleetby gas field following coil tubing workovers on the B7 and B2 wells. Early results indicate average field output of approximately 6.3 million standard cubic feet per day (mmscfd) over the past week — around 30% above the company’s average daily production recorded in the fourth quarter of 2025.
The recently treated wells are currently undergoing clean-up and flowback operations, with management intending to track performance over the coming months to assess sustainability. Separately, the company plans to resubmit a previously delayed planning application relating to its Balcombe asset. However, operational gains are unfolding against the backdrop of ongoing negotiations with creditors over a proposed debt restructuring. Angus has cautioned that failure to secure agreement could raise material uncertainty over its status as a going concern. Its shares remain suspended from trading on AIM pending resolution of the restructuring process.
Financially, the group continues to face pressure from declining revenues and weak profitability, reflected in negative earnings metrics and limited valuation support. Technical indicators suggest broadly neutral momentum, although recent operational improvements and strategic initiatives offer a degree of cautious optimism for stabilisation and potential recovery.
More about Angus Energy
Angus Energy is a UK-based independent oil and gas company quoted on AIM and recognised as the country’s leading onshore gas producer. The company holds a 100% interest in the Saltfleetby gas field, majority stakes in the conventional oil fields at Brockham and Lidsey, and a 25% interest in the Balcombe licence, operating all assets in which it maintains an ownership position.
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