Angus Energy reported this morning it has withdrawn a planning application to test its oil well at Balcombe in West Sussex.
Shares in Angus Energy rose this morning as the company announced it had taken out a £1.4m loan with a property company.
Local authorities in England have been given new powers from tomorrow to hold meetings, including planning committees, by video or telephone conferencing.
A Balcombe resident has welcomed the report by West Sussex planners opposing Angus Energy’s proposed three-year well test in the village.
Decisions on plans for Balcombe and Broadford Bridge oil sites in West Sussex will be delayed because of the Covid-19 virus.
Proposals to test the Balcombe oil well in West Sussex would compromise the protected landscape of the High Weald, council planners said today.
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.
Events in March 2020 and beyond about UK fracking, onshore oil and gas and campaigning
The Environment Agency has withdrawn its objection to plans for an extended well test at Angus Energy’s oil site at Balcombe in West Sussex.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.