Production at Angus Energy’s Saltfleetby gasfield and oil flow at Balcombe would “mark a turnaround in the group’s fortunes” and bring “material cash flow for the first time”, the company said today.
The Environment Agency has withdrawn its objection to plans for an extended well test at Angus Energy’s oil site at Balcombe in West Sussex.
Measures to protect the environment during proposed work at the Balcombe oil site in West Sussex are “inadequate, incomplete and misleading”, villagers have complained.
The decision on Angus Energy’s planning application for an extended well test at Balcombe will not now be made this month.
Events in February 2020 and beyond about UK fracking, onshore oil and gas and campaigning
Angus Energy has said it will seek a five-year extension to its oil production licence at Brockham in Surrey.
Shareholders in most UK onshore oil and gas companies could be forgiven for looking forward to the end of 2019.
2019 saw a Conservative government withdraw its support from fracking and introduce a moratorium on the process.
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Angus Energy has raised a £1.5m loan facility to pay for the costs of decommissioning oil and gas wells.