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 […]
Tag: Saltfleetby gas field – PEDL005
Angus completes initial B7T clean-up at Saltfleetby
Angus Energy plc has completed the initial clean up of the new B7T well at Saltfleetby in Lincolnshire. PRODUCTION The company said that the well was producing from an approximately 185m horizontal section in the main Westphalian reservoir at a vertical depth of 2292m. Following first production on 31 March the company has been cleaning […]
Angus agrees £3m loan with Kemexon
Angus Energy plc has agreed a £3 million junior debt facility from commodity trading house and the company’s 9.91% shareholder Kemexon Ltd. BRIDGE FACILITY The ‘bridge facility’ has an initial term of three months, extendable by paying a 3% roll fee for a further three months. The debt is priced at SONIA* + 15% and commits the company to issue […]
Angus fully commissions second compressor
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 […]
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 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 […]