Production at Angus Energy’s Saltfleetby gasfield and oil flow at Balcombe would “mark a turnaround in the group’s fortunes” and bring “material cash flow for the first time”, the company said today.
Angus Energy has raised a £1.5m loan facility to pay for the costs of decommissioning oil and gas wells.
Angus Energy announced today it had raised just over £3m in a placing of more than 70 million new shares.
Angus Energy has announced that equipment to isolate water zones in its oil well at Brockham in Surrey was ready to be shipped from the US.
UK Oil & Gas plc has announced that production has resumed from the Portland oil formation at Horse Hill in Surrey.
Keith Taylor MEP (second left) with opponents of oil drilling at the Horse Hill site near Horley. Photo: Office of Keith Taylor MEP Events in February 2019 and beyond about UK fracking, onshore oil and gas and campaigning.
People who want to comment on plans by Angus Energy to produce oil round-the-clock at its Lidsey site in West Sussex have just over a week until a deadline set by planners.