ANGUS ENERGY PLC

Business and Financial Review • Aug 11, 2020

National Storage Mechanism | Additional information

RNS Number : 7063V

Angus Energy PLC

11 August 2020

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) ("MAR"). THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

11 August 2020

Angus Energy Plc

("Angus Energy" or the "Company")

Saltfleetby Pipeline Timetable

Angus Energy (AIM: ANGS) is pleased to update shareholders on the timetable of actions necessary to complete the pipeline installation.  These timings represent best estimates.

Deliverable	Status	Start Date	End Date
Land/Leasing/Wayleaves	Near Completion	01/05/2020	31/08/2020
Conceptual and Detailed Design	Completed	04/05/2020	31/07/2020
Tendering and Procurement	Near Completion	04/05/2020	31/08/2020
HSE Compliance	In Progress	22/05/2020	continuous
Council Planning Process	Completed	25/05/2020	07/08/2020
Pre Construction	In progress	30/06/2020	04/09/2020
Satisfaction of Planning Conditions	In progress	10/08/2020	07/09/2020
Construction: HD Drilling and Trenching	Imminent	07/09/2020	19/10/2020
Pigging	Planned	01/10/2020	10/11/2020
Hydrostatic Testing	Planned	19/10/2020	10/11/2020
Commissioning	Planned	10/11/2020	Early 2021

In addition, under our Gas Construction Agreement, separate works are underway on the NTS Theddlethorpe Entry Point under the direction of National Grid.   We are advised that they are following their timetable closely.  Final commissioning is subject to completion of site works.

Saltfleetby Pipeline National Grid Component

Deliverable	Start Date	Duration	End Date
Pre-Construction	24/06/2020	44 Days	24/08/2020
Off Site Fabrication	28/07/2020	47 Days	01/10/2020
Construction Works	24/08/2020	68 Days	26/11/2020
Pipework Installation	09/09/2020	33 Days	23/10/2020
E&I Installation	07/10/2020	30 Days	17/11/2020
Commissioning	26/10/2020	24 Days	26/11/2020
Site Demobilisation	05/11/2020	4 Days	10/11/2020

END.

Enquiries:

Angus Energy Plc	www.angusenergy.co.uk
George Lucan	Tel: +44 (0) 208 899 6380
Beaumont Cornish (Nomad)	www.beaumontcornish.com
James Biddle/ Roland Cornish	Tel: +44 (0) 207 628 3396
WH Ireland Limited (Broker)
Katy Mitchell/ Harry Ansell	Tel: +44 (0) 113 394 6600
Flagstaff PR/IR	angus@flagstaffcomms.com
Tim Thompson	Tel: +44 (0) 207 129 1474
Fergus Mellon

Notes

About Angus Energy plc. Angus Energy plc. is a UK AIM quoted independent onshore oil and gas production and development company focused on leveraging its expertise to advance its portfolio of UK assets as well as acquire, manage and monetise select projects. Angus Energy majority owns and operates conventional oil production fields at Brockham (PL 235) and Lidsey (PL 241) and has a 25% interest in the Balcombe Licence (PEDL244) and a 12.5% interest in the PEDL143 Licence (A24 Prospect) and a 51% interest in the Saltfleetby Gas Field (PEDL005).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCBRGDILDBDGGG