Angus update on lender talks and production
Angus Energy says its talks with its lender, Trafigura, are continuing over a proposed reverse takeover of US production assets and the revision of the loan repayment schedule.
Angus Energy says its talks with its lender, Trafigura, are continuing over a proposed reverse takeover of US production assets and the revision of the loan repayment schedule.
People are invited to comment on the environmental impacts of gas exploration, including lower-volume fracking, at Burniston in North Yorkshire.
The UK’s biggest onshore gas producer has reported an annual loss of more than £4m, down more than 100% on the profit in the year before.
Angus Energy has reported that its Saltfleetby gas site in Lincolnshire produced 5.6m therms between October and December 2022.
The Environment Agency is seeking comments on plans by Angus Energy to process gas at its Saltfleetby field in Lincolnshire.
An investor in the West Newton wellsite in East Yorkshire has said it could be the UK’s largest onshore gasfield and the largest onshore hydrocarbon discovery since 1973.
Angus Energy announced today it had raised just over £3m in a placing of more than 70 million new shares.