Angus Energy plc swung to a profit following an increase in gas production at the Saltfleetby field in east Lincolnshire. FINANCES During the six months ended 31 July 2023, the company had three producing wells flowing gas to the National Grid with average daily production of up to 9.5 mmscfd. Revenue soared to £16.46 million […]
Tag: Angus Energy plc
Angus agrees £6m bridge loan
Angus Energy plc has signed a heads of terms for a further six-month bridge loan of £6 million. USES The company added that the previous £3m debt facility from March 2023 had been rolled according to its terms for a further three months. Terms of the £6m facility will be agreed next week. Funds will […]
Angus plans expansion at Saltfleetby
Angus Energy plc reported steady production from the three producing wells of B2, A4 and B7T and plans for new wells at Saltfleetby gas field, east Lincolnshire. PRODUCTION Following a short duration plant outage, the company is exporting gas to the National Grid at a combined average daily rate of 9.5 mmscfd, reaching peak flows […]
Angus production rises 75% with second compressor
Angus Energy plc has increased production by more than 75% with the planned commissioning of the second compressor at Saltfleetby gas field in east Lincolnshire. MILESTONE Dual compressor mode began on 10 May and the three producing wells of B2, A4 and the new B7T, have since been flowing gas to the National Grid at the […]
Angus commissions B7T sidetrack at Saltfleetby
Angus Energy plc this morning commissioned the recently drilled B7T sidetrack well at Saltfleetby gas field in east Lincolnshire. TEMPORARY FLOWLINE The company connected the well by a temporary flowline to the production facilities on the site and processed gas is being delivered to the National Grid. “At present the well is flowing at approximately […]
Angus grants total 103m share options to CEO and staff
Angus Energy plc will grant 103 million share options under the company’s existing employee incentive schemes to directors and other members of staff. The grant, representing 2.87% of the company’s issued share capital, was proposed by the remuneration committee and approved by the board as part of the company’s annual share option grants. The most […]