Investors and anti-drilling campaigners have criticised proposals by Angus Energy to use money intended for decommissioning to connect a shut-in gas field to the grid.
The onshore oil and gas company, Union Jack Oil has announced a loss of £1.1m in its accounts for 2018, published today. This compares with a deficit of £0.75m in 2017.
Drilling is now underway at Biscathorpe, Misson and West Newton – and what will happen this month at Preston New Road and Tinker Lane? Also in February, the inquiry reconvenes into IGas testing plans at Ellesmere Port.
IGas said this morning it was having talks with a “potential strategic investor” as it headed towards a predicted failure to meet financial obligations.