Drilling a second well at Rathlin Energy’s exploration site in East Yorkshire is due to start next month, an investor in the project announced this morning.
The former chair of Angus Energy breached the share dealing code and will not retake his place on the board, the company has announced.
Two shareholders in Angus Energy have called a general meeting in a bid to remove the managing director, Paul Vonk, from the board.
Angus Energy has announced that Jonathan Tidswell-Pretorius has stepped down as its chairman following recent disclosures over share transfers.
Angus Energy confirmed this morning that its chairman transferred 39 million shares to a company that appears to be less than six months old with one officer, a 20-year-old Hungarian living in Poland.
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 oil and gas company, Angus Energy, made no money from production in the year 2016-2017, according to its accounts published today. But its message to investors was that 2018 would be different.