(WebFG News) - Conventional oil and gas production and development company Angus Energy has issued a £3m unsecured convertible security at an interest rate of 0%, completing the financing for its acquisition of a 25% interest in PEDL244 on the Balcombe Licence.
Onshore oil and gas company Angus Energy has initiated its partnership with privately-owned exploration and production firm Cuadrilla after completing a £1.85m payment to the group.
Conventional oil and gas production and development company Angus Energy announced on Monday that it has entered into a definitive agreement to form a new partnership with Cuadrilla Balcombe and Lucas Bolney.
Conventional oil and gas production and development company Angus Energy has commenced production at Lidsey Oil Field from the Lidsey-X2 well, it announced on Friday.
AIM-quoted onshore oil and gas development company Angus Energy announced on Friday that it had completed its X2 drill programme at its Lidsey field asset on the southern tip of Bognor Regis in West Sussex.
Angus Energy confirmed on Friday that operations at the Lidsey Oil Field remained on schedule, and the guidance issued on 8 September was unchanged.
Angus Energy announced on Friday that the drilling rig purchased from British Drilling and Freezing had arrived on location at its Lidsey oil field asset in West Sussex and were in the process of being rigged up.
Angus Energy said Alba Mineral Resources has now completed the acquisition of 5% participating interest in Production Licence 235 comprising the Brockham Oil Field.
Angus Energy announced on Tuesday that, following West Sussex County Council approval, it had now also received permission from the Environment Agency to drill the Lidsey-X2 horizontal production well at its Lidsey production oil field, license PL 241.
Ministers from the world's leading economies have agreed to review banking regulations in a move that could start to unpick reforms made since the financial crisis. The decision was taken at the G20 meeting of finance ministers and central bank governors in Baden-Baden, Germany, over the weekend. - The Times
Shares in Alba Mineral Resources are down more than 7% in relation to claims of unauthorised drilling at the Brockham X4Z well, which operator Angus Energy has denied.
Angus Energy was forced to respond to media reports claiming the drilling of its Brockham X4Z well was "unauthorised" on Friday.
Shares in Angus Energy are up more than 5% after confirming that, following extensive analysis of the BR-X4Z sidetrack well, it intended to bring the Kimmeridge into production at its existing Brockham production facility.
UK and Ireland-focussed exploration, development and production company Europa Oil & Gas announced on Monday that its wholly owned subsidiary has signed a farm-out agreement in relation to a 12.5% interest in the PEDL 143 licence in the Weald Basin with a wholly owned subsidiary of Angus Energy.
Angus Energy confirmed on Wednesday that, further to its 15 December announcement, site upgrade works to the production bunds were now complete and well intervention continues on site at Brockham.
Angus Energy announced on Friday that it signed a sale agreement with Terrain Energy to acquire a 10% interest in the Brockham oil field, increasing its interest in the licence from 55% to 65%.