Angus Energy plc has issued 427,893,123 ordinary shares to convert £1 million of the February 2022 deferred consideration to Forum Energy Services Ltd. COMPRESSOR The conversion notice from Forum covers principal payments due up to and including 31 December 2024. Angus said it would a further 137,145,481 ordinary shares in relation to accrued interest until […]
Tag: East Lincolnshire
Angus to resume drilling reservoir ahead of testing
Angus Energy plc hopes to resume drilling into the open hole of the reservoir at Saltfleetby in East Lincolnshire. OPERATIONS Towards the end of November, the company paused operations at the top of the reservoir. Angus today said that despite “relatively slow progress” in casing and cementing it expected to restart drilling early next week […]
Angus nears live gas at Saltfleetby
Angus Energy plc expects live gas in less than a week with first gas shortly afterwards at Saltfleetby, east Lincolnshire. EMERGENCY CASES The company said that, with specialist contractors and commissioning agents, it was making good progress with the testing and inspection of the facilities. “Whilst mechanical integrity is now complete, electrical and control circuitry […]