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: oil and gas
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 […]
Scirocco notes Phase I of 3D seismic at Ruvuma
Scirocco Energy plc announced that the first phase of the 3D seismic project has started on the onshore Ruvuma gas production sharing agreement (PSA) in Tanzania. FIRST PHASE The appointed sub-contractor began preparatory works as planned on 15 November ahead of the start of mobilisation next week. Scirocco expects the survey to begin on 15 […]
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. […]
Rathlin to request more time to drill at West Newton B
Rathlin Energy (UK) plc said it would apply for more time to drill and test the second well at West Newton B in East Yorkshire. ORIGINAL DEVELOPMENT The company’s current planning permission states that operations must be completed by April 2022. The original development approved was for two wells to be drilled and tested. DATE […]
Rathlin to reduce number of West Newton A oil wells
Rathlin Energy (UK) plc said it would reduce the number of wells in a revised planning application for expanded oil production at West Newton A in East Yorkshire. APPEAL In September, East Riding of Yorkshire Council’s planning committee refused the company’s initial application due to the scale of the proposed development. In a statement on […]