UK onshore oil production is being held back by new regulations on water reinjection, Angus Energy told investors this evening.
The Kimmeridge formation at Brockham in Surrey is unlikely to generate significant volumes of oil because it isn’t mature, investors were told this evening.
Angus Energy has said it is in talks to sell its stake in an oil production licence in Surrey after revealing that a controversial sidetrack well was unlikely to flow commercially without extra stimulation.
A new study has found no clear links between the recent swarm of earth tremors in Surrey and local oil drilling activity.
Angus Energy announced today it had raised just over £3m in a placing of more than 70 million new shares.
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.
This month could see the start of horizontal drilling at the IGas site at Misson in north Nottinghamshire and the spudding of Rathlin Energy’s second well at West Newton. The Court of Appeal is due to hand down its ruling on a challenge to the Ineos injunction and […]