Angus Energy has announced that Jonathan Tidswell-Pretorius has stepped down as its chairman following recent disclosures over share transfers.
Angus Energy has given more details about problems at its Lidsey oil site near Bognor Regis in West Sussex. It also likened one of Lidsey’s source rocks to the Bakken oil field in North Dakota.
Angus Energy has announced initial flow rates of 40 barrels of oil per day at its horizontal production well at Lidsey in West Sussex. Five months ago, Angus predicted a sustained 400 barrels a day at Lidsey (interview with IG Analysis).
UK Oil and Gas Investments – the company with interests at Horse Hill, Broadford Bridge and Markwells Wood – has confirmed it is meeting with potential new institutional investors.
INEOS has increased its onshore exploration licence area in the UK to more than 1.2m acres, it announced this morning
Campaigners against oil exploration at Horse Hill near Gatwick are planning a march and mass cycle to the site next week.
We look at results from constituencies with a special interest in fracking or oil and gas exploration. We also review what happened to MPs who voted in parliament for a fracking moratorium earlier this year.