Angus Energy plc and its partner Saltfleetby Energy Ltd (SEL) have entered into a non-binding MOU with Aleph Energy and Aleph Commodities for £12 million to develop the Saltfleetby gas field near the coast of Lincolnshire. bit.ly/2VhC7ab Aleph Energy and investment company Aleph Commodities will also procure a further £8m for a new off-site geothermal […]
Tag: Angus Energy plc
UKOG-Egdon-Angus give up Holmwood oil licence
UK Oil and Gas announced today that it had relinquished its oil licence PEDL143 in Holmwood, Surrey, in which it held a 67.5% stake. The other main partners in the licence who have also given up their interests are Egdon Resources plc (18.4%) and Angus Energy (12.5%). UKOG said that a detailed study had been […]
Angus Energy to raise £12m for Saltfleetby
Angus Energy plc hopes to raise £12 million, with support from its 49% partner Saltfleetby Energy, to redevelop Saltfleetby gas field in Lincolnshire. The hydrocarbon company announced yesterday (23 September) that it had raised £1 million from placing 111,111,105 new ordinary shares at 0.9 pence per share. This will form part of a working capital […]
Angus submits revised plans for extended well test at Balcombe
Angus Energy plc has submitted revised plans for an extended well test and ruled out any use of hydraulic fracturing at the Balcombe oil field near Crawley in Sussex. LIMESTONE Local residents have protested against the project and slowed vehicles entering the site. “As previously, the company would like to make clear once more that […]
Angus signs gas off-take deal with Shell
Angus Energy plc has signed an off-take agreement with Shell Energy Europe Ltd, a division of Royal Dutch Shell plc, for the entire production from the Saltfleetby gas field in Lincolnshire. TERMS “We are pleased to have signed this agreement with Shell Energy which will cover all of the gas produced from Saltfleetby,” said managing director […]