Angus Energy PLC has provided an update on its financing, including an extension of its £6 million Junior Bridge Facility and the granting of 30 million share options to employees. The company is progressing well in documenting a proposed £20 million Loan Facility and Offtake Agreements with Trafigura, expected to conclude within four weeks. The existing £6 million Subordinated Debt Facility has been extended for one month to allow time for completing documentation and drawdown under the proposed facility with Trafigura. The company has granted 30 million share options under the existing Employee Incentive Schemes to employees, reflecting management's efforts in achieving successful operations at the Saltfleetby Field. The options have an exercise price of 0.67 pence per share and vest as to 100 per cent upon the closing mid-market price of the Ordinary Shares being 0.67 pence per share or above. The options have a 10-year term from the date of issue. For further information, visit www.angusenergy.co.uk or contact the company directly.