News Oil & Gas

Angus agrees Saltfleetby gas and geothermal MOU

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 […]

News Oil & Gas

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 […]

News Oil & Gas

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 […]

News Oil & Gas

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 […]