Angus Energy reports it has raised £1.5m in a placing of 150 million ordinary shares.
DrillOrDrop reviews what might happen in 2021 to UK onshore fracking and other oil and gas developments.
The Oil & Gas Authority (OGA) has confirmed that it has extended Angus Energy’s licence at Brockham in Surrey until spring next year.
Doriemus is to sell its interest in the Brockham oil licence in Surrey to the operator, Angus Energy.
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.