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 […]
Tag: Saltfleetby gas field – PEDL005
Angus to acquire remaining Saltfleetby stake for £14m
Angus Energy plc has signed an agreement to acquire the remaining share from its joint venture partner in the onshore Saltfleetby gas project in east Lincolnshire. SUBSCRIPTION The company will acquire the entire issued share capital of Saltfleetby Energy Ltd (SEL), which owns a 49% working interest in the project, from the seller Forum Energy […]
Angus on target for first gas at Saltfleetby
Angus Energy plc said it maintained its target date of 1 June for first gas at Saltfleetby in East Lincolnshire. OPERATIONS The operator added it was progressing with the project’s installation and commissioning schedule. Skid/Unit Basc Fabrication Status Blasting, Painting Assembly, Testing, Certification etc Target Delivery Date Electrical Room 100% complete Completed Completed Separator Vessel […]
Angus ends sale process ahead of Saltfleetby first gas
Angus Energy plc said it had ended the formal sales process for the company following its increased share price and a “strongly supportive” economy. SOUND ENERGY The company had been approached by Sound Energy plc, which today confirmed it did not intend to make an offer. “After lengthy discussions on a possible combination with Sound, […]
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 […]
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 […]