Angus Energy plc reported that the second compressor was now fully commissioned and processing gas for export at Saltfleetby in east Lincolnshire. MAINTENANCE “Well completion continues on the sidetrack well SF7V with clean-up work awaiting coiled tubing due late March,” added the company. “The intervening time window offers a useful opportunity to perform regular maintenance […]
Tag: Angus Energy plc
Angus Energy looks to further £3m debt
Angus Energy plc announced an offer of further funding for drilling and acquisitions as it completed drilling the SF7v sidetrack at Saltfleetby field in east Lincolnshire. FLOW TESTING The sidetrack well reached a total measured depth of 2,746 metres in the Westphalian 1D reservoir. Angus will conduct well clean-up operations in mid-March once coiled tubing […]
Angus proposes new CEO and chairman
Angus Energy plc’s chief executive officer George Lucan plans to step down to become executive chairman in one of a number of proposed board changes. CHANGES The company said that the moves were in line with its vision of becoming a “significant player in the aggregation, production and storage of gas”. As executive chairman, Mr […]
Angus wins appeal for extended well test at Balcombe
Angus Energy plc has won its appeal against West Sussex County Council’s refusal to grant permission for an extended well test at its Balcombe oil site. DRILLING FLUIDS The company holds a 25% interest along with Cuadrilla Balcombe Ltd (56.25%) and Lucas Bolney Ltd (18.75%) in PEDL 244 targeting the Kimmeridge limestones. The Balcombe 2Z […]
Angus issues second tranche shares from £7m fundraise
Angus Energy plc has restarted drilling at Saltfleetby and is to issue the second tranche of shares following its two-tranche fundraise comprising a placing and subscriptions in December 2022. SALTFLEETBY DRILLING The company said that drilling has to date reached 2,553 metres measured depth at the onshore gas field within PEDL005 on the coast of […]
Angus gas production exceeds predicted volumes
Angus Energy plc reported gas production in excess of predicted volumes at Saltfleetby gas field, east Lincolnshire. GAS VOLUMES The company said its quarterly figures of gas volumes produced and sold equalled 5.6 million Therms in aggregate for October, November and December combined. This equated to 1.87 million Therms per month, which Angus said was […]