Angus Energy has said it will abandon the Brockham oil field in Surrey if it does not get permission to reinject waste water.
A 71-year-old grandmother walking 100 miles to raise money for a legal challenge to onshore oil production has beaten her £3,500 target.
Angus Energy has said it intends to return to its Balcombe oil exploration site in West Sussex later this year.
Angus Energy announced this morning it expected to submit a planning application next week for onsite gas processing at its Saltfleetby field in Lincolnshire.
UK onshore oil production fell in 2019 to its lowest point for eight years, official data has revealed.
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.
Angus Energy has said it will seek a five-year extension to its oil production licence at Brockham in Surrey.
Angus Energy has raised a £1.5m loan facility to pay for the costs of decommissioning oil and gas wells.
“I love it because it is not oil”, the head of Angus Energy said of his new gas asset in Lincolnshire.
Environmental campaigners have dismissed Surrey County Council’s use of the term “extremism” for anti-fracking protests.