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Angus works with lender on takeover

Summary by DRILL OR DROP?
The operator of the UK’s largest onshore gasfield is working with its lender on the potential takeover of production assets off the southern USA. Angus Energy had been due to make the first payment today on its loan with Trafigura . But in a stock market statement this afternoon, Angus said the payment deadline had been extended to the end of the week. The statement said Angus was working with Trafigura on the potential takeover and on a resculp…
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DRILL OR DROP? broke the news in on Tuesday, May 27, 2025.
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