Angus Energy plc this morning commissioned the recently drilled B7T sidetrack well at Saltfleetby gas field in east Lincolnshire. TEMPORARY FLOWLINE The company connected the well by a temporary flowline to the production facilities on the site and processed gas is being delivered to the National Grid. “At present the well is flowing at approximately […]
Tag: Angus Energy plc
Angus grants total 103m share options to CEO and staff
Angus Energy plc will grant 103 million share options under the company’s existing employee incentive schemes to directors and other members of staff. The grant, representing 2.87% of the company’s issued share capital, was proposed by the remuneration committee and approved by the board as part of the company’s annual share option grants. The most […]
Angus appoints Tim Kaye as director of UK operations
Angus Energy plc has appointed Tim Kaye as (non-board) director of UK operations. Mr Kaye has worked with Angus since September 2022 and led the project to install and commission the second gas compressor at the Saltfleetby gas field in Lincolnshire. He has extensive operations experience from the North Sea, with both BP and Enquest. […]
Angus NED Paul Forrest sells 16.5m shares
Angus Energy plc non-executive director Paul Forrest sold 16.5 million ordinary shares of 0.002p each at an average price of 1.8 pence per ordinary share. Following the sale for £297,000 on 14 April 2023, Mr Forrest’s total shareholding in the company is now 483,356,061 ordinary shares, representing 13.46% of the issued share capital. He has […]
Angus completes initial B7T clean-up at Saltfleetby
Angus Energy plc has completed the initial clean up of the new B7T well at Saltfleetby in Lincolnshire. PRODUCTION The company said that the well was producing from an approximately 185m horizontal section in the main Westphalian reservoir at a vertical depth of 2292m. Following first production on 31 March the company has been cleaning […]
Angus NED Paul Forrest sells 13m shares
Angus Energy plc said that on 6 April 2023 non-executive director Paul Forrest sold 13,000,000 more ordinary shares of 0.002p each at an average price of 1.8 pence per ordinary share. Following the sale for around £234,000, he now holds 499,856,061 ordinary shares representing 13.92% of the company’s issued share capital. Mr Forrest is the […]