Two shareholders in Angus Energy have called a general meeting in a bid to remove the managing director, Paul Vonk, from the board.
Two City veterans have resigned as directors of the gas company, Third Energy, a year after their appointments.
Angus Energy has announced that Jonathan Tidswell-Pretorius has stepped down as its chairman following recent disclosures over share transfers.
Angus Energy – the company behind oil sites in southern England – announced today it was looking into transactions of shares held by its chairman. It also claimed oil at one of its sites was higher quality than Brent Crude.
The majority investor in the Horse Hill oil well near Gatwick is claiming record UK onshore flow rates. After completing initial flow tests, UK Oil & Gas described the results this morning as “outstanding” and equivalent to rates from the North Sea.