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 […]
Tag: Angus Energy plc
Angus ends sale process ahead of Saltfleetby first gas
Angus Energy plc said it had ended the formal sales process for the company following its increased share price and a “strongly supportive” economy. SOUND ENERGY The company had been approached by Sound Energy plc, which today confirmed it did not intend to make an offer. “After lengthy discussions on a possible combination with Sound, […]
Angus to resume Brockham oil production
Angus Energy plc said it had received an updated permit allowing re-injection of produced water and production at its Brockham oil site in Surrey. REQUIREMENTS The company added it would upgrade the project to meet DSEAR (Dangerous Substances and Explosive Atmospheres Regulations 2002) requirements. Once completed, Angus will resume production from BRX2-Y at Brockham in […]
Angus issued variation notice for Saltfleetby permit
Angus Energy plc said that the Environment Agency had issued its variation notice for the company’s existing Saltfleetby gas field permit in East Lindsey, Lincolnshire. PERMIT The site permit now encompasses the new activities of processing and compressing of gas for direct export to National Grid. Angus added it needed no further regulatory or planning […]
Angus agrees third deadline for Sound to make firm offer
Angus Energy plc said it had agreed a third deadline for Sound Energy plc to make a firm offer to buy the company. DISCUSSIONS In January, Sound made a possible share offer and the deadline for a definite offer was 2 February. The parties then agreed to extend this to 11 March 2022. Angus today […]
Angus allowed to re-inject waste water at Brockham
Angus Energy plc has received a permission to re-inject waste water into one of the existing boreholes at its onshore oil project in Brockham, Surrey. REQUIREMENTS The Environment Agency (EA) issued a permit variation which stipulates that the waste water must be from the company’s operations at the site. The decision follows public consultation between […]