Angus conference call: “Kimmeridge oil not mature at Brockham”
The Kimmeridge formation at Brockham in Surrey is unlikely to generate significant volumes of oil because it isn’t mature, investors were told this evening.
Angus looks to sell Brockham after sidetrack found “uncommercial” without fracking
Angus Energy has said it is in talks to sell its stake in an oil production licence in Surrey after revealing that a controversial sidetrack well was unlikely to flow commercially without extra stimulation.
Angus raises £3m for new acquisition and Weald operations
Angus Energy announced today it had raised just over £3m in a placing of more than 70 million new shares.
Angus Energy: New appointments and no board return for Jonathan Tidswell
The former chair of Angus Energy breached the share dealing code and will not retake his place on the board, the company has announced.
Egdon to seal Biscathorpe oil well after it fails to find target formation
Egdon Resources’ new well at Biscathorpe, near Louth in Lincolnshire, has failed to encounter the oil formation it was targeting, the company said this afternoon.
Angus: Power struggle, new loan and updates on Balcombe and Brockham
Two shareholders in Angus Energy have called a general meeting in a bid to remove the managing director, Paul Vonk, from the board.
Breaking: Oil companies pull out of Leith Hill exploration site in Surrey
Europa Oil and Gas, the company behind oil drilling near the Leith Hill beauty spot in Surrey, announced this morning it was pulling out of the site.
Another oil company sells stake in Horse Hill
Solo Oil has announced it is selling its direct interest in the Horse Hill oil exploration site in Surrey.
UKOG seeks change of company status
The largest investor in the Horse Hill oil well near Gatwick is seeking to change its company status.
Angus confirms chairman transferred shares to company headed by 20-year-old Hungarian
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.
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