Angus takes out £1.5m loan to pay for clean-up costs
Angus Energy has raised a £1.5m loan facility to pay for the costs of decommissioning oil and gas wells.
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 announced this morning it had completed a farm-in agreement for the Saltfleetby gasfield in East Lincolnshire.
Angus Energy announced today it had raised just over £3m in a placing of more than 70 million new shares.
The number of onshore oil and gas wells drilled in the UK in 2016 was the lowest for nearly 50 years, according to data from the Oil and Gas Authority.