Angus Energy PLC (AIM: ANGS) has reported estimated second-quarter revenue of £7.16 million, up approximately 37% from £5.24 million in the first quarter of 2026.
The increase was driven by higher realised gas prices, improved hedging and stronger production from the Saltfleetby Field following successful well workovers.
Saltfleetby produced 530 million standard cubic feet of natural gas and 3,365 barrels of gas condensate during the quarter.
Gas sales reached 5.85 million therms, up from 5.24 million therms in Q1, while average monthly gas sales increased to 1.95 million therms from 1.75 million therms.
Operational efficiency improved to 91% from 87%.
Angus said planned annual maintenance will take place during July, with intermittent production disruption expected for around seven days followed by a full site shutdown for a further seven days.
At the Brockham Field, quarterly oil production totalled 4,027 barrels, equivalent to 44 barrels per day and broadly in line with the previous quarter.
The company is also progressing preparations to restart production from the BRX4z well targeting the Portland reservoir.
On the financial side, Angus made its first £1.29 million principal repayment under its senior debt facility with Trafigura.
Outstanding borrowings fell to £24.7 million at 30 June 2026 from £26 million at the end of March.
For further information please visit www.angusenergy.co.uk.
