Angus Energy plc said it would conduct surveys and re-interpretations before submitting a planning application for a sidetrack for the onshore Lidsey oil field (PEDL241) near Bognor Regis, West Sussex. TIMETABLE The company, which holds an 80% interest, said that seismic acquisition by Rees Onshore Seismic and Stryde was complete and reprocessing by realtimeseismic.com was […]
Tag: Angus Energy plc
Angus completes further acquisition at Brockham
Angus Energy plc said it had aligned its interests following the acquisition of a further interest in Brockham oil field. The company completed its purchase of a 5% interest from Alba Mineral Resources plc. Alba paid £32,000 plus VAT to Angus in settlement of certain back costs and a contribution towards eventual abandonment costs. This was […]
Alba completes sale of Brockham oil interest
Alba Mineral Resources plc has completed the sale of its 5% interest in Brockham onshore oil field in Surrey to operator Angus Energy plc. The metals and minerals explorer said that the move was part of its drive to rationalise its non-core assets. In settlement of certain back costs and a contribution towards eventual abandonment […]
Angus sets up study fund in memory of first employee
Angus Energy plc has established an annual £10,000 fund in memory of its first employee to support students from Bognor Regis and surrounding communities in West Sussex. The Bruce Watt Memorial Scholarship is named after the company’s first employee who died aged 46, leaving a family and two young children. Angus said that the award […]
Angus mulls overseas projects as revenue falls
Angus Energy plc might might look overseas for projects as it reported a fall in revenue and production. DECREASES Accounts for the year ended 30 September 2020, show revenue fell to £68,000 (2019: £200,000) on production of a gross 1,594 barrels (2019: 5,346). Angus attributed this to the Lidsey oil field being shut in due […]
Angus to obtain new seismic data for Lidsey
Angus Energy plc announced it would obtain new seismic data and reprocess the existing seismic lines to identify a new drill target at Lidsey oil field in West Sussex. The onshore hydrocarbon company said that previous seismic mapping had underestimated the aerial extent of the reservoir and most importantly its shape. This had resulted in […]