Angus Energy Shares Soar After Announcement of Gas Supply Deal With Shell
13 August 2020 - 6:46PM
Dow Jones News
By Jaime Llinares Taboada
Shares in Angus Energy PLC have jumped since the company
announced an offtake agreement with Royal Dutch Shell PLC for all
gas production from its Saltfleetby field in England on
Wednesday.
Shares jumped 38% on Wednesday and closed at 1.175 pence. At
0803 GMT on Thursday shares were up a further 21%, or 0.25 pence,
at 1.425 pence.
In addition, Angus said Thursday that it will submit an
application for an extended well test at the Balcombe oil field in
Crawley, England--where it has a 25% stake. The energy company
noted that it won't use hydraulic fracturing techniques on any of
the fields it operates, including Balcombe.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
August 13, 2020 04:31 ET (08:31 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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