The oil and gas company, Angus Energy, made no money from production in the year 2016-2017, according to its accounts published today. But its message to investors was that 2018 would be different.
Angus Energy announced this morning that it would become the new operator of Cuadrilla’s Balcombe oil exporation site in West Sussex. The deal, giving Angus 25% of the PEDL244 exploration licence, will cost Angus £4m and has to be approved by the Oil and Gas Authority. Details DrillOrDrop […]
DrillOrDrop’s January 2018 digest of news about fracking, shale and onshore oil and gas updated daily.
2017 saw drilling get underway at the site of the UK’s first horizontal shale gas wells. But, despite expectations, there was no high volume hydraulic fracturing – at least at the time of writing.
Angus Energy has announced initial flow rates of 40 barrels of oil per day at its horizontal production well at Lidsey in West Sussex. Five months ago, Angus predicted a sustained 400 barrels a day at Lidsey (interview with IG Analysis).
Surrey County Council is standing by its position that Angus Energy does not have planning permission for oil production from a well at its Brockham site, despite an announcement of “final go-ahead” this morning.
Angus Energy told investors this morning it was seeking the go-ahead for on-site power generation at its Brockham oil site in Surrey.
