THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 6/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR.

2 September 2022

Angus Energy Plc 

("Angus Energy", "Angus" or the "Company")

New Appointments

Angus Energy (AIM: ANGS) is pleased to announce the proposed appointment of Krzysztof Zielicki as a Non-Executive Director on the Board of the Company subject to the completion of regulatory checks including Nomad approval. Krzysztof brings over 40 years of experience in the oil and gas industry. He has held leading roles for several Energy Majors, including BP and Rosneft, where he was Vice President for M&A and Strategy. He brings a wealth of technical, commercial and managerial experience as Angus enters the next phase of its growth strategy.

The Company is also pleased to announce the engagement of Richard Herbert, with the responsibility of developing and expanding production at the Saltfleetby Gas Field and other assets in the Angus portfolio. Richard brings 40 years of experience in the energy industry. He has held several executive positions at BP, including the development and operations at Wytch Farm (the last major onshore UK gas field).  Following this role, Richard was COO of Exploration at BP and CEO of Frontera. Richard brings considerable technical, managerial and operational expertise.

George Lucan, CEO comments "I am delighted to be bringing on board Krzysztof and Richard into our team, as we enter the next stage of our growth strategy. They each bring a pool of skill and expertise that will enable the transformation of Angus from a small cap into a major player in the production and storage of hydrocarbons, as we work on the expansion of existing production and the evaluation of Saltfleetby for strategic gas storage."

END.

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Notes

About Angus Energy plc

Angus Energy plc is a UK AIM quoted independent onshore Energy Transition company with a complementary portfolio of clean gas development assets, onshore geothermal projects, and legacy oil producing fields. Angus is focused on becoming a leading onshore UK diversified clean energy and energy infrastructure company.  Angus Energy has a 100% interest in the Saltfleetby Gas Field (PEDL005), 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). Angus Energy operates all fields in which it has an interest.

Important Notices

This announcement contains 'forward-looking statements' concerning the Company that are subject to risks and uncertainties. Generally, the words 'will', 'may', 'should', 'continue', 'believes', 'targets', 'plans', 'expects', 'aims', 'intends', 'anticipates' or similar expressions or negatives thereof identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company's ability to control or estimate precisely. The Company cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this announcement. The Company does not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.

Nothing contained herein shall be deemed to be a forecast, projection or estimate of the future financial performance of the Company.