US EditionDoubts over Angus Energy future cashflows
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Doubts over Angus Energy future cashflows
The operator of the UK’s largest onshore gasfield is facing doubts over its ability to continue as a going concern. Angus Energy identified a “material uncertainty” over the impact of suspension of gas production at the Saltfleetby field in Lincolnshire. In interim accounts, published today, the company said its forecast cashflows relied on no suspension of Saltfleetby production for an “unforeseen significant period”. It also said the forecasts…
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