Angus Energy

What Angus Energy does

Angus Energy plc is an independent UK onshore oil and gas producer listed on the AIM market of the London Stock Exchange (LSE:ANGS), headquartered in London. The company operates four principal assets: the Saltfleetby gas field in Lincolnshire (100% working interest, the UK's largest onshore gas field, supplying approximately 80% of UK onshore gas production at 6-7 mmscfd), the Brockham oil field in Surrey (80% interest, operator), the Lidsey oil field in West Sussex (80% interest, currently shut in pending water disposal planning), and the Balcombe discovery in West Sussex (25% non-operated interest).

Name

Angus Energy

Legal name

Angus Energy plc

Website

https://angusenergy.co.uk

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Angus Energy plc is a UK-based independent onshore oil and gas producer, operating the Saltfleetby gas field (the UK's largest at 80% of domestic onshore output) plus Brockham, Lidsey, and Balcombe fields, selling gas directly to National Grid and exploring gas storage, hydrogen, and geothermal opportunities.

Ownership category

akta.pro rank

Product category

Onshore Oil and Gas Production

NAICS

Oil and Gas Extraction (2111), Natural Gas Extraction (211130), Crude Petroleum Extraction (211120)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Production Operations & Artificial Lift (Surface Facilities, Compression, Flow Assurance) (EUAAAAAK)

akta.pro secondary industries

Field Development & EOR/IOR for Gas (Compression, Refracturing, Reservoir Management) (EUAAAAAM), Oil & Gas Facilities Asset Management (Refining/Terminals/LNG) (EUAEAMAG), Geothermal Reservoir Engineering & Wellfield Management (Modeling, Stimulation, Reinjection Strategy) (EUAMAEAC)

Keywords

• Onshore gas production
• Oil field operations
• Hydrocarbon extraction
• Gas storage services
• Reservoir management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Gas Sales to National Grid: Direct sales of natural gas produced from Saltfleetby field to the National Grid via the North Sea Theddlethorpe Gas Terminal. Production restarted August 2022, currently producing approximately 6-7 mmscfd of natural gas, representing 80% of UK onshore gas production.
2. Condensate Production and Sales: Production and sale of gas condensate from Saltfleetby field. Produced approximately 43,946 bbls condensate in 2024 and 10,691 bbls in Q2 2024.
3. Oil Production: Oil production from Brockham and Lidsey fields in southern England. Brockham produces 30-40 barrels/day of oil from Portland Sandstone reservoir. Lidsey currently shut in pending water disposal planning permission.
4. Gas Storage Services: Future potential revenue from underground gas storage at Saltfleetby under MoU with Trafigura. Includes evaluation of mid/long-term gas storage potential and CO2 storage through dynamic reservoir modeling.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Angus Energy is an independent UK onshore oil and gas operator that produces and sells natural gas, gas condensate, and crude oil from a portfolio of fields in southern England and Lincolnshire. Its core producing asset is the Saltfleetby Gas Field, the largest onshore gas field in the UK, complemented by oil production from Brockham, Lidsey, and the Balcombe discovery. The company also evaluates emerging energy transition opportunities including gas storage, hydrogen storage, carbon capture, and geothermal energy using existing oil and gas infrastructure.

Product overview

Angus Energy is an independent UK onshore oil and gas production company operating a portfolio of producing and exploration assets. The core business consists of four principal assets: the Saltfleetby Gas Field (the UK's largest onshore gas field, 100% owned and producing), the Brockham Oil Field (80% interest, operating), the Lidsey Oil Field (80% interest, currently shut in), and the Balcombe Field Discovery (25% interest). The company generates revenue through natural gas and crude oil production sold to the National Grid and other buyers. Emerging growth initiatives include gas storage services, CO2 storage evaluation, hydrogen storage and production concepts, and geothermal energy development, positioning the company for the energy transition.

Differentiator

Problem solved

Functional benefit

Products and services

• Saltfleetby Gas Field The largest onshore gas field in the UK located in Lincolnshire. Produces natural gas and gas condensate from Westphalian and Namurian reservoirs. Currently accounts for 80% of UK onshore gas production with 114 BCF GIIP and approximately 23.5 BCF remaining reserves as of December 2024.
• Brockham Oil Field Oil field in the Weald Basin, Surrey. Angus holds 80% interest and is the operator. Production from Portland Sandstone reservoir resumed in June 2024, currently producing 30-40 barrels/day of oil.
• Lidsey Oil Field Oil field located in West Sussex near Bognor Regis on the southern flank of the Weald Basin. Angus holds 80% interest. Oil is reservoired in the Middle Jurassic Great Oolite formation. Currently shut in pending planning permission to transport produced water for reservoir pressure support.
• Balcombe Field Discovery Oil discovery near Crawley, West Sussex. Angus holds 25% stake with partners Cuadrilla (56.25%) and Lucas Bolney (18.75%). Oil lies in the Jurassic Kimmeridge Formation. Extended well test planned pending resolution of legal challenges.
• Gas Storage Services Evaluation of mid/long-term gas storage potential at Saltfleetby field in partnership with Trafigura, including potential for one of the largest onshore CO2 disposal sites in the UK.
• Hydrogen Storage and Production Green hydrogen production concept using modular 100MW plant with potential for hydrogen storage in Saltfleetby field, evaluated through partnership with Electric Hydrogen for sale into the Humber Industrial Cluster.
• Geothermal Energy Projects Leveraging oil and gas drilling and engineering assets to develop geothermal energy projects in the UK, with feasibility confirmed by Getech assessment.

Quantifiable outcome

• 80% of UK onshore gas production from Saltfleetby
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eleven partnerships are on record, tiered minor.

• Terrain EnergyminorStrategic or Co-development PartnerTerrain Energy holds 10% interest in the Brockham oil field (PL235) where Angus Energy is operator with 80% interest. Partnership in conventional oil production from Portland Sandstone reservoir.
• Brockham CapitalminorStrategic or Co-development PartnerBrockham Capital holds 10% interest in the Brockham oil field (PL235) where Angus Energy is operator with 80% interest.
• Cuadrilla Balcombe LtdminorStrategic or Co-development PartnerCuadrilla holds 56.25% interest in the Balcombe field (PEDL244) where Angus Energy holds 25% and operates. Planning extended well test of horizontal Balcombe-2z well pending resolution of legal challenges.
• Lucas Bolney LtdminorStrategic or Co-development PartnerLucas Bolney holds 18.75% interest in the Balcombe field (PEDL244) where Angus Energy holds 25% and operates alongside Cuadrilla.
• GetechminorStrategic or Co-development PartnerGetech confirmed geothermal potential for Angus Energy's UK operations, specifically evaluating the potential for geothermal energy development leveraging existing oil and gas drilling and engineering assets.
• Electric HydrogenminorStrategic or Co-development PartnerElectric Hydrogen developed modular 100MW plant concept for green hydrogen production at Saltfleetby using nearby wind farm power. Initial concept would sell up to 25mT of green hydrogen into the Humber Industrial Cluster.
• Crowe LLPminorOthersCrowe LLP serves as Reporting Accountants and Auditor for Angus Energy.
• Fieldfisher LLPminorOthersFieldfisher LLP serves as Solicitors for Angus Energy.
• Share Registrars LimitedminorOthersShare Registrars Limited serves as Registrar for Angus Energy plc.
• Westend Corporate LLPminorOthersWestend Corporate LLP serves as Corporate Company Secretary for Angus Energy.
• LOGIC EnergyminorStrategic or Co-development PartnerAngus subscribes to LOGIC standard contract texts developed jointly between UK energy operators and suppliers for balanced risk management and liabilities with suppliers.

Scale indicators12 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• IGas Energy: IGas Energy is one of the UK's largest onshore oil and gas producers, operating a portfolio of producing and exploration assets across England. It is the closest direct comparable to Angus Energy in terms of onshore UK focus, subsurface expertise, and small-cap AIM-listed profile.
• Union Jack Oil: Union Jack Oil is an AIM-listed UK-focused onshore oil and gas company with interests in producing and development assets including conventional and unconventional plays in the Weald and East Midlands basins. It directly overlaps with Angus's Brockham/Lidsey/Balcombe-style onshore UK portfolio.
• Egdon Resources: Egdon Resources is an AIM-listed UK-focused upstream operator with onshore exploration, development and producing assets across the Wessex, Weald and East Midlands basins. Its portfolio and small-cap onshore focus closely mirror Angus Energy's operations.
• Parkmead Group: Parkmead Group is an AIM-listed independent upstream oil and gas company with UK and Netherlands production interests. Its mix of late-life UK fields and small-cap AIM structure makes it a direct comparable to Angus.
• Deltic Energy: Deltic Energy is an AIM-listed UK-focused upstream company focused on natural gas exploration in the Southern North Sea. It is comparable to Angus in scale and AIM-listed status, with a similar focus on UK domestic gas supply.
• Hurricane Energy: Hurricane Energy is a UK-listed small-cap E&P focused on fractured basement reservoirs on the UK Continental Shelf. While offshore, it shares the small-cap UK-listed profile and focus on late-life/re-development plays analogous to Angus's Saltfleetby strategy.

Broad incumbents

• EnQuest: EnQuest is a larger UK-focused independent E&P operating producing North Sea fields and redeveloping late-life assets. It is a broader incumbent relative to Angus, with overlapping expertise in mature field redevelopment and UK onshore/offshore operations.
• Serica Energy: Serica Energy is an AIM-listed UK upstream company operating producing North Sea fields. As a broader incumbent in the UK upstream space, it shares the UK-domestic production and gas-supply narrative with Angus Energy, albeit at larger scale.
• Tullow Oil: Tullow Oil is a UK-listed independent E&P with West Africa and international operations. While much larger and geographically diversified, it is a UK-listed upstream operator whose gas-weighted portfolio provides a broader incumbent reference for Angus's gas-focused strategy.

Emerging players

• Pharos Energy: Pharos Energy is a London-listed independent E&P producing oil in Vietnam and Egypt with gas-weighted exposure. It is comparable to Angus as a small/mid-cap UK-listed upstream operator with gas-oriented production and energy-transition optionality.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/angusenergyplc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Angus Energy