Angus Energy plc said it today raised £750,000 through the placing of 115,384,611 ordinary shares to certain institutional and other investors at 0.65 pence per share. The placing price represents a discount of approximately 10.3% to the closing price of 0.725 pence per ordinary share on 2 December 2021. USES Proceeds will go towards its […]
Tag: Angus Energy plc
Angus delays sidetrack at Saltfleetby due to logistics
Angus Energy plc said that logistical issues had delayed rig procurement causing the sidetrack to be deferred at Saltfleetby gas field in East Lindsey, Lincolnshire. SIDETRACK The company added that the deferment avoided the risk of a drill programme running over into its commissioning timetable. “Whilst simultaneous drilling and commissioning operations are not considered to […]
Angus seismic shows extension out of Lidsey
Angus Energy plc said that a completed seismic reinterpretation showed a significant extension out of licence PL241 area of the Lidsey oil field, West Sussex. EXTENSION The site operator and majority owner (80%) said in a statement that the seismic was the final part of the most comprehensive review of the Lidsey structure ever conducted. […]
Angus expects higher revenues at Saltfleetby
Angus Energy plc said it expected higher revenues than previous estimates from the Saltfleetby gas field (SGF) in Lincolnshire. PROGRAMME The company added it had employed contractors for the drilling programme and that it expected costs of the sidetrack to overrun. REVENUES A revised competent persons report (CPR) by Oilfield International Ltd using a conservative […]
Angus granted five-year extension to Brockham
Angus Energy plc said that the Oil and Gas Authority had granted a five-year extension until 28 October 2026 to its licence PL235 in Brockam oil field, Surrey. PORTLAND RESERVOIR The company plans to submit an application to the county council to abandon the Kimmeridge layer at BRX4-Z and reperforate the Portland layer in order […]
Angus reinterprets Lidsey field with new data
Angus Energy plc said it would use new seismic data to reinterpret and remap Lidsey oil field near Bognor Regis, West Sussex. COMPLETE PICTURE Previous seismic mapping failed to define the reservoir accurately, prompting the company to link the newly acquired data to existing seismic lines across the structure in the vicinity of the two […]