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Angus Energy reported this morning it has withdrawn a planning application to test its oil well at Balcombe in West Sussex.
2019 saw a Conservative government withdraw its support from fracking and introduce a moratorium on the process.
Angus Energy has raised a £1.5m loan facility to pay for the costs of decommissioning oil and gas wells.
“I love it because it is not oil”, the head of Angus Energy said of his new gas asset in Lincolnshire.
Angus Energy could have avoided another planning application for its extended well test at Balcombe in West Sussex, the company admitted this evening.
The Kimmeridge formation at Brockham in Surrey is unlikely to generate significant volumes of oil because it isn’t mature, investors were told this evening.