- New hedges placed through to June 2027 at an average weighted price of approximately 101 pence per therm.
- Total hedged position of approximately 12.9 million therms through to June 2027.
- Aggregate hedge portfolio at an average weighted price of approximately 101 pence per therm.
- Hedges represent approximately 44% of the Company's forecast gas production over the period.
Angus Energy, a UK AIM quoted independent oil and gas company, has successfully placed additional gas hedges covering the period April 2026 to June 2027, securing 7.745 million therms at an average weighted price of approximately 101 pence per therm. This includes early hedges placed at particularly strong prices, with April, May and June 2026 volumes secured at 141 pence, 135 pence and 127 pence per therm respectively.
When combined with the Company's existing hedge portfolio, the total hedged position now stands at approximately 12.9 million therms at a weighted average price of approximately 101 pence per therm through to June 2027. This combined hedge position represents approximately 44% of the Company's forecast gas production over the period.
The hedging programme provides significant fixed revenue visibility, underpinning the Company's operating cost base and supporting predictable cash flow generation. Importantly, approximately half of forecast production remains unhedged, allowing the Company to retain meaningful exposure to potential upside in UK gas prices.
The Board believes this balanced hedging strategy strengthens the Company's financial resilience while preserving the opportunity to benefit from favourable gas market conditions. The Company will continue to monitor market conditions and may add to its hedging portfolio where doing so enhances long-term shareholder value.
Source: Angus Energy
