Angus Energy is an independent onshore oil and gas development company focused on advancing its portfolio of licensed UK assets.
Angus Energy are a team of petroleum industry specialists with a proven track record of operational excellence and fiscal discipline meeting the energy demands of the United Kingdom without utilizing hydraulic fracturing.
Angus Energy provides conventional production and low-risk exploration opportunities that are cash-flow efficient.
RiverFort facilitated a joint loan agreement worth £3 million in order to help Angus Energy further develop the Balcombe Field Discovery. Angus Energy, on 9 January 2019, entered into an agreement with YA II PN Ltd and RiverFort Global Opportunities PCC Limited (the “Noteholders”) for a 2-year £3 million loan facility. The Facility may be drawn down in tranches (“Advances”) over a 24-month commitment period at the sole discretion of the Company and carry 0% interest.
Use of Proceeds
Fund capital expenditures for the future development of the Balcombe Field Discovery
Provide further working capital for the group Company Acquisition