Angus Energy plc said that drilling of the SF07V side track well has reached the top of the target reservoir at Saltfleetby in East Lincolnshire. TESTING “Drilling was paused at a total measured depth along hole of 2,492 metres (true vertical depth of 2,261 metres) which is 10 metres higher than anticipated,” said the company […]
Tag: Angus Energy plc
Angus begins works for SF-7 sidetrack well
Angus Energy plc today began the SF-07 sidetrack well programme by testing blow-out preventers in advance of spudding at Saltfleetby in Lincolnshire. PROGRAMME The company said it expected to run equipment in hole to a depth of 1,300m “reasonably swiftly” over this coming weekend. Above this depth, at around 1150m, a whipstock* will be set […]
Angus awards 175.5m share options to directors and staff
Angus Energy plc granted 175.5 million share options, representing 5.72% of the company’s issued share capital, to directors and staff. SALTFLEETBY The grant comes under the company’s existing employee incentive schemes. In February 2021, the remuneration committee proposed the share options, which the board approved as part of Angus’s share option grants. “This reflects the […]
Angus NED Paul Forrest sells 2m shares for £44,000
Angus Energy plc non-executive director Paul Forrest sold 2,000,000 ordinary shares of 0.002p each at an average price of 2.2 pence, for approximately £44,000. The sale on 7 October 2022 leaves Mr Forrest’s total shareholding in the company at 536,750,000 ordinary shares, representing 18.56% of Angus Energy’s issued share capital.
Angus NED Cameron Buchanan leaves
Angus Energy plc independent non-executive director (NED) on the board, Cameron Buchanan, has left. Mr Cameron became NED in 2016 and occasionally stepped in as acting chairman. He will be replaced by NED Krzysztof Zielicki.
Angus appoints Richard Herbert to development and production
Angus Energy plc has appointed Richard Herbert to develop and expand production at the Saltfleetby gas field and other assets in the company’s portfolio. Mr Herbert has 40 years’ experience in the energy industry and considerable technical, managerial and operational expertise. He has held several executive positions at BP, including the development and operations at […]