Gulf Oil and Gas accountACCOUNT

Angus Energy Submits Field Development Plan for Saltfleetby Gas Field

Source: www.gulfoilandgas.com 12/20/2019, Location: Europe

Angus Energy plc is pleased to update its presentation on the above Field following the submission of our Field Development Plan to the Oil & Gas Authority. A copy of the presentation is available from the Company’s website, www.angusenergy.co.uk and terms herein are more fully explained in the presentation.

In advance of the Competent Persons Report expected to be completed in January 2020 we have not updated figures for volumes or cash flows but, as stated in the presentation, we expect these to be at least as good as those announced therein if not better and will update shareholders as more granular figures can be given on upside.

George Lucan, Managing Director, writes: “Progress continues to be made on this reconnection of what was formerly the UKs largest onshore gas field. There are some considerable technical challenges which our team here are in the process of meeting and overcoming. We remain certain that, as advised, the prize for this very attractively priced opportunity will result in considerable value for Shareholders."

Technical Sign off
Andrew Hollis, the Technical Director of the Company, who has over 40 years of relevant experience in the oil and gas industry, has approved the information contained in this announcement. Mr Hollis is a Fellow of the Geological Society and member of the Society of Petroleum Engineers.

Development News in United Kingdom >>

Libya >>  2/17/2020 - Zallaf Z Oil & Gas Exploration and Production Company, a subsidiary of National Oil Corporation (NOC), opened a new operations office in Awinat, to fo...
Morocco >>  2/17/2020 - Sound Energy, the Moroccan focused upstream gas company, announced on 6 November 2019 that the Company had entered into non-binding heads of terms (HO...

Papua-New Guinea >>  1/31/2020 - Papua New Guinea called off negotiations with Exxon Mobil regarding the P’nyang gas project, casting a shadow on a $13 billion plan to double the coun...
Russia >>  1/28/2020 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, took place in Moscow....

Iran >>  1/25/2020 - Iranian Minister of Petroleum Bijan Zangeneh said Iran's Petropars was developing Phase 11 project of South Pars gas field as CNPC International and T...
Russia >>  1/29/2019 - Gazprom Neft has won a licensing round for subsoil prospecting, exploration and production rights to the Severo-Stakhanovsky, Novoromanovsky and Puhut...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.