Angus Energy Plc, the conventional oil and gas production and development company, is has announced that pursuant to the Company’s 22 January RNS it has initiated the Balcombe Partnership with the completion of a £1 850 000 payment to Cuadrilla Balcombe Limited (Cuadrilla) and Lucas Bolney Limited (Lucas).
To read the full article
"Angus Energy completes first stage of Balcombe Partnership"
Please sign in or register for FREE
Sign in »
Register for free »
Get started absolutely FREE in 2 minutes, plus receive a free printed magazine.
As part of the newly formed Balcombe joint venture, Angus Energy acquires a 25% interest in the Balcombe license (PEDL244).
Per terms of the deal, as stated in the Company RNS 22 January, the joint venture partners will now seek consent from the Oil & Gas Authority for the assignment of interest in license PEDL 244 and change of Operatorship for the Balcombe Field Discovery.
Read the article online at: https://www.oilfieldtechnology.com/special-reports/19022018/angus-energy-completes-first-stage-of-balcombe-partnership/
