Angus Energy Plc (LON:ANGS) told investors that it has now sealed its partnership with Cuadrilla for the Balcombe oil project in southern England.
The AIM-quoted company has made a £1.85mln payment to Cuadrilla and Lucas Bolney, securing a 25% stake in the newly rearranged Balcombe joint venture,
It will now seek consent for the operatorship to be transferred to Angus, from Cuadrilla, for the Balcombe field discovery.