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: Saltfleetby gas field – PEDL005
Angus commissions permanent flowline
Angus Energy plc has commissioned the permanent flowline from the BO7T sidetrack well at the Saltfleetby gas field in Lincolnshire. COST REDUCTIONS In May the company connected the well with a temporary flowline and began construction of its permanent replacement. “This has been a challenging project not least because of the weather conditions during construction […]
Angus Energy CEO buys 3.3m shares
Angus Energy plc chief executive officer Richard Herbert bought 3,300,000 ordinary shares of 0.002p each in the company at an average price of 0.75434 per ordinary share. Mr Herbert’s holding totals the same number of shares for £24,893 representing 0.09% of Angus’ issued share capital.
Angus continues B7T well clean-up at Saltfleetby
Angus Energy plc said that the new B7T well continued to clean up through the temporary flowline connecting it to the facilities at Saltfleetby gas field in east Lincolnshire. TARGET DATE The company completed the initial clean-up in April and connected a temporary flowline to the production facilities on the site to deliver processed gas […]
Angus swings to a profit and warns of ‘punitive’ taxes
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 […]
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 […]