IT HAS been a tricky year already for Angus Energy,

the British oil and gas group run by the son of Lord Lucan. Its share price has dropped and it was forced to raise emergency cash. However, on the plus side, it has made progress at a key project in Lincolnshire, the Saltfleetby gas field. But hedge fund GSA Capital Partners is betting its stock could fall further and last week increased its short position against the £41million AIMlisted company. This takes Angus’s shorts – albeit still less than 1 per cent – to a new record. Ouch.