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.
The operation to identify a water zone in Angus Energy’s Brockham sidetrack well in Surrey has been estimated by the company to take up to 10 weeks.
An oil exploration company has said it will not inject dilute acid to stimulate flow at any of its wells in the Weald basin in southern England.
Angus Energy is seeking the go-ahead for an extended well test at its Balcombe site in West Sussex.
Drone pictures of IGas’s Misson Springs shale gas site in north Nottinghamshire show that the drilling rig and other equipment has now been installed.
Two shareholders in Angus Energy have called a general meeting in a bid to remove the managing director, Paul Vonk, from the board.
Angus Energy announced this morning it had begun its testing programme on a controversial oil well at Brockham in Surrey. But local people have been asking questions about whether the company has met all the conditions of its environmental permit.
The shale gas company, IGas, confirmed this evening that its Tinker Lane well near Blyth in north Nottinghamshire had failed to discover the primary target, the Bowland shale formation.
IGas has confirmed that it has delivered most of the drilling equipment to its Tinker Lane shale gas site in north Nottinghamshire.
The leading company behind exploration at the Horse Hill oil site near Gatwick said total production from the flow test so far had reached nearly 14,000 barrels.
DRILL OR DROP? 