Angus Energy “to return to Balcombe” in autumn 2020 + Brockham and Saltfleetby updates
Angus Energy has said it intends to return to its Balcombe oil exploration site in West Sussex later this year.
Angus Energy has said it intends to return to its Balcombe oil exploration site in West Sussex later this year.
The shale gas company, Cuadrilla Resources, is looking at conventional oil and gas opportunities in the UK after predicting no fracking this year.
You can keep up with the news here with our digest of headlines about UK fracking, shale and onshore oil and gas, updated daily.
Angus Energy reported this morning it has withdrawn a planning application to test its oil well at Balcombe in West Sussex.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.