Sound Energy and Hurricane Energy were in the spotlight this week
A Sound Energy triple and the latest developments from North Sea oiler Hurricane Energy bookend this week’s highlights.
Company
LON:ANGS
Angus Energy is an OGA approved, independent UK onshore oil and gas development, production and operations company. We are focused on leveraging our expertise to advance our portfolio of UK assets as well as acquire, manage and monetise select projects. Angus Energy owns and operates conventional production fields in Brockham and Lidsey. OUR COMPANY FOCUS Safe Operations Environmental Safety & Compliance Increase Production and Recovery of Existing Assets Actively Manage Risks and Costs Through Financial Management And Operational Control Of The Entire O&G Process Portfolio Growth Through Select Onshore Appraisal And Development Projects
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A Sound Energy triple and the latest developments from North Sea oiler Hurricane Energy bookend this week’s highlights.
Archive
Angus Energy advances Brockham well near Gatwick Gusher; Deltex Medical sees probe revenue rise again; Anglo Pacific has best year since 2011 as coal price surges; plus much more
The onshore UK oiler is re-entering the Brockham well to boost production and to assess the potential in zones that yielded better than expected results at the nearby Horse Hill well.
In the first-half of next year UKOG will move 11 miles along the road from Horse Hill to the PEDL234 licence area
Archive
Shares have advanced 9% in the past week and are up 18% over the month at 281p
The work is is a re-entry and sidetrack to a hole drilled by BP in 1987
UKOG probably won’t be the first cab off the block as a number of rivals are planning similar exploration programmes.
Broadford Bridge, which like Horse Hill has been estimated to host billions of barrels of oil, is one of a number of new projects planned for 2017 that aim to replicate the standout success of the 'Gatwick Gusher'.
Angus Energy beefs up its share price; Trump looking to back out of climate control accord; dementia overtakes heart disease as main killer in UK
The shares, listed at 6p, got off to an opening premium, trading as high as 8.5p, before settling back to 7.25p. Market makers said there was healthy demand for this IPO.