Angus Energy announced today it had bought out its partner in the Saltfleetby gas field in Lincolnshire for more than £14m.
Angus Energy has raised £1.4m through a placing of 175m shares.
Angus Energy said this morning it had received at least six “bona fide” approaches from parties interested in making an offer for the company or its interest in the Saltfleetby gas field.
Angus Energy has reported increased estimates of cash flow from its Saltfleetby site in Lincolnshire. But the company is likely to have to wait longer to see them with another delay in the date when gas is expected to flow.
Angus Energy says its gas field at Saltfleetby in Lincolnshire is “on track for re-commissioning” in December2021.
Alba Mineral Resources has disposed of its 5% stake in the Brockham oil licence in Surrey.
Plans for the Saltfleetby gas field in Lincolnshire have got the go-ahead from the Oil & Gas Authority, the operator Angus Energy reported yesterday (9/6/2021).
Wells drilled at the Lidsey wellsite in West Sussex were probably on the edge of the oil reservoir, rather than the crest, the site operator has announced.
Doriemus is to sell its interest in the Brockham oil licence in Surrey to the operator, Angus Energy.
Angus Energy reported this morning it has withdrawn a planning application to test its oil well at Balcombe in West Sussex.