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Completes Acquisition of a 25% Interest in the Balcombe Licence (PEDL244)

Angus Energy Plc, a conventional oil and gas production and development company, is pleased to announce that, having received Oil and Gas Authority (the "OGA") approval for the transfer and paid £2million to the Sellers, it has now completed the acquisition of a 25.0% interest in licence PEDL244 (which includes the entire Balcombe Field discovery) as announced on 22 January.

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