Angus Energy plc announced that work in documenting the Company's proposed £20 million Loan Facility and Offtake Agreements with Trafigura is progressing well and is expected to conclude with satisfaction of conditions precedent and drawdown within four weeks. The Company has been granted an extension to the existing £6m Subordinated Debt Facility (the "Bridge Loan"), which is due to mature on 19th January 2024, in order to allow time for completing documentation and drawdown under the proposed facility with Trafigura. Accordingly, Aleph Finance Limited has agreed to an extension of the Bridge Loan for one month until 19th February 2024, for a fee of 1%, which is proportionate to the fee paid for the previous extension of the loan in October 2023.