Angus Energy plc said it had now completed the 100% acquisition Saltfleetby gas licence in east Lincolnshire. OUTSTANDING STAKE The company acquired the entire issued share capital of Saltfleetby Energy Ltd (SEL), which owned 49% working interest in the project, from the seller Forum Energy Services Ltd. Chief executive George Lucan said that the acquisition […]
Tag: Angus Energy plc
Angus to acquire remaining Saltfleetby stake for £14m
Angus Energy plc has signed an agreement to acquire the remaining share from its joint venture partner in the onshore Saltfleetby gas project in east Lincolnshire. SUBSCRIPTION The company will acquire the entire issued share capital of Saltfleetby Energy Ltd (SEL), which owns a 49% working interest in the project, from the seller Forum Energy […]
Angus restarts Brockham oil production
Angus Energy plc has restarted oil production and water reinjection at the Brockham oil field within PL235, in the Portland reservoir, near Dorking in Surrey. OPTIMISATION The company added that current average rates of production from the BRX2-Y well were 50 barrels of oil per day with an approximately equal amount of formation water produced […]
Angus granted approval for Brockham
Angus Energy plc has been granted approval for its plans at Brockham oil field near Dorking in Surrey. WELL BRX4-Z The county council’s planning committee agreed to allow the company to abandon the Kimmeridge layer and reperforate the Portland layer in well BRX4-Z. This is subject only to a unilateral undertaking to secure a routing […]
Angus on target for first gas at Saltfleetby
Angus Energy plc said it maintained its target date of 1 June for first gas at Saltfleetby in East Lincolnshire. OPERATIONS The operator added it was progressing with the project’s installation and commissioning schedule. Skid/Unit Basc Fabrication Status Blasting, Painting Assembly, Testing, Certification etc Target Delivery Date Electrical Room 100% complete Completed Completed Separator Vessel […]
Angus Energy raises £675,000 via placing
Angus Energy plc has raised £675,000 through placing 61,363,634 ordinary shares to certain investors at a price of 1.1 pence per share. PROCEEDS The issue of shares represents less than 5% of the enlarged capital of the group. Net proceeds of the placement will go towards working capital and general costs. Angus said that following admission, the total number […]