28th Jan 2020 18:55
(Alliance News) - Angus Energy PLC on Tuesday said it has taken a 51% stake in in the Saltfleetby gas field in Lincolnshire.
Angus in June confirmed that agreed to farm-in a stake in the asset. Saltfleetby Energy Ltd owns the remaining 49% holding.
Angus Managing Director George Lucan said: "Now that the legal formalities are completed, we look forward to progressing with reconnection and resuming production from the Saltfleetby field."
Shares in the company closed 1.4% higher at 0.74 pence each in London on Tuesday.
By Eric Cunha; [email protected]
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