Angus Energy announced today it had raised just over £3m in a placing of more than 70 million new shares.
UK onshore oil production fell to a seven-year low in 2018, according to official data.
The operation to identify a water zone in Angus Energy’s Brockham sidetrack well in Surrey has been estimated by the company to take up to 10 weeks.
Drilling a second well at Rathlin Energy’s exploration site in East Yorkshire is due to start next month, an investor in the project announced this morning.
As geologists continue to disagree about the cause of the Surrey earthquakes, a local MP has urged the government to investigate any link with oil operations.
The former chair of Angus Energy breached the share dealing code and will not retake his place on the board, the company has announced.
Angus Energy to seek permission for 2-year well test at Balcombe – resident says it is running away from problems
Angus Energy announced this afternoon it was seeking permission for a 24-month extended production test at its Balcombe oil exploration well in West Sussex.
Angus Energy has announced that equipment to isolate water zones in its oil well at Brockham in Surrey was ready to be shipped from the US.
UK Oil & Gas plc has announced that production has resumed from the Portland oil formation at Horse Hill in Surrey.
Angus Energy is expected to return to its West Sussex oil site at Balcombe next week, according to the parish council.