News Oil & Gas

Angus completes 100% acquisition of Saltfleetby

Angus Energy plc said it had now completed the 100% acquisition Saltfleetby gas licence in east Lincolnshire. OUTSTANDING STAKE The company acquired the entire issued share capital of Saltfleetby Energy Ltd (SEL), which owned 49% working interest in the project, from the seller Forum Energy Services Ltd. Chief executive George Lucan said that the acquisition […]

News Oil & Gas

Angus issued variation notice for Saltfleetby permit

Angus Energy plc said that the Environment Agency had issued its variation notice for the company’s existing Saltfleetby gas field permit in East Lindsey, Lincolnshire. PERMIT The site permit now encompasses the new activities of processing and compressing of gas for direct export to National Grid. Angus added it needed no further regulatory or planning […]

News Oil & Gas

Angus attracts interests in buyout and Saltfleetby licence

Angus Energy plc said it had attracted at least six genuine approaches from parties interested in acquiring the company or its licence interest in the Saltfleetby gas field in Lincolnshire. DUE DILIGENCE In a statement the company said it would evaluate each expression of interest until a firm proposal was agreed. Angus does not expect […]

News Oil & Gas

Egdon to submit plans for new well at Biscathorpe

Egdon Resources plc said it would apply for planning permission before the end of February 2021 for a new oil well at Biscathorpe in Lincolnshire. SIDE-TRACK The operating company has a 35.8% interest in PEDL253 and its joint venture partners include Union Jack Oil (30%). Egdon said that accessible drilling target areas had been identified, […]

News Oil & Gas

Angus buys new equipment to reconnect Saltfleetby gas

Angus Energy has invested in new equipment to reconnect the Saltfleetby Gas Field in Lincolnshire to the national gas transmission network. Key Facts Energy reported that the hydrocarbon company has entered into agreements for a full fiscal metering and gas analysis system, two Caterpillar gas driven engine system, two Ariel Compressor Units, one of the […]