Angus Energy shares rise on Saltfleetby gas processing
Shares in Angus Energy rose 28% today on news that the company had begun processing wellhead gas from its B2 well at Saltfleetby in Lincolnshire.
Shares in Angus Energy rose 28% today on news that the company had begun processing wellhead gas from its B2 well at Saltfleetby in Lincolnshire.
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.
At least 14 onshore oil and gas schemes are going through the planning system in England, DrillOrDrop research has revealed.
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.
The oil and gas company, Angus Energy plc, is considering a potential sale as part of a strategic review of its options.
2021 was a year when key decision-makers, institutions and the public said no to the onshore oil and gas industry, often for the first time.
Angus Energy has applied for planning permission to change the layout of its Saltfleetby-B gas site in Lincolnshire. The company also wants to use a larger flare.
Keep up with December’s 2021’s news with our digest of daily updated headlines about the business, regulation and campaigns around UK fracking, shale, and onshore oil and gas.
Angus Energy has delayed drilling a sidetrack well at the Saltfleetby gas field in Lincolnshire until spring next year.