Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAngus Energy Share News (ANGS)

Share Price Information for Angus Energy (ANGS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.475
Bid: 0.45
Ask: 0.50
Change: 0.025 (5.56%)
Spread: 0.05 (11.111%)
Open: 0.475
High: 0.575
Low: 0.45
Prev. Close: 0.45
ANGS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Angus Energy on track for commissioning of Saltfleetby

Wed, 27th Apr 2022 11:00

(Sharecast News) - Angus Energy updated the market on installation and commissioning progress at Saltfleetby on Wednesday, with delivery and installation dates "substantially unchanged".

The AIM-traded firm said the bulk of the last skids would be arriving shortly after the bank holiday weekend, although it was possible that the Joule Thomson skid could be delayed to the following week as a result of a potential delay in the delivery of an accessory.

All earlier packages were now being tied in, the company said.

Looking at the schedule, Angus said the electrical room, separator vessel and passive dehydration were complete, while the first compression was targeted for delivery on 27 April.

The gas engine generator was set to be delivered on 29 April, with the export folders and diverters due on 3 May and the condensate stabilisation skid on 3 May.

It said the Joule Thomson skid would be delivered between 5 May and 10 May.

"The work of dry commissioning has begun with the identification of key lines for initial hydrotesting and the development of a programme for some 40 tests," the Angus board said in its statement.

"All welds are visible, so testing is of a relatively short duration.

"Welding and electrical tie-in of these skids to the ring main of pipework and cabling around the site are the immediate objectives."

Cable pull was expected over the next five working days, and the ring main of pipework was 80% complete, the board confirmed.

"We have some nine squads of welders, riggers and fitters supported by platers and a number of electrical specialists supporting tie-in.

"The first stages of dry commissioning are in progress with determination of the selection of hydrotesting of key site pipework.

"This will be augmented with electrical and control tests throughout the first two weeks of May."

Wet commissioning was expected to begin on or around 18 May, with the company being assisted by an "experienced team" led by OSL and Inspec.

"We continue to aim for a short wet commissioning programme and a target date of first gas of 1 June.

"This would allow for one full month of production at current high spot prices before the company's obligations to deliver volumes at the hedge price commence at the end of June."

At 1223 BST, shares in Angus Energy were up 5.77% at 1.38p.

More News
25 Jan 2021 19:18

TRADING UPDATES: Intuitive Plots GBP250,000 Investment In Microsaic

TRADING UPDATES: Intuitive Plots GBP250,000 Investment In Microsaic

Read more
16 Dec 2020 19:31

UK TRADING UPDATE SUMMARY: Pure Gold Awaits First Gold Next Month

UK TRADING UPDATE SUMMARY: Pure Gold Awaits First Gold Next Month

Read more
16 Dec 2020 16:43

IN BRIEF: Angus Energy To Raise GBP250,000 For Working Capital

IN BRIEF: Angus Energy To Raise GBP250,000 For Working Capital

Read more
30 Nov 2020 20:33

IN BRIEF: Angus Energy Sets Up Funding For Saltfleetby Field

IN BRIEF: Angus Energy Sets Up Funding For Saltfleetby Field

Read more
4 Nov 2020 18:25

UK TRADING UPDATE SUMMARY: Wilmington Encouraged By Quarterly Results

UK TRADING UPDATE SUMMARY: Wilmington Encouraged By Quarterly Results

Read more
2 Nov 2020 16:22

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
21 Oct 2020 19:29

IN BRIEF: Angus Energy Increases Stake In Brockham Licence To 75%

IN BRIEF: Angus Energy Increases Stake In Brockham Licence To 75%

Read more
16 Oct 2020 14:54

IN BRIEF: Angus Energy Supports PEDL 143 Licence Withdrawal

IN BRIEF: Angus Energy Supports PEDL 143 Licence Withdrawal

Read more
23 Sep 2020 19:09

UK TRADING UPDATE SUMMARY: Joules In Lockdown Hit But Online Surges

UK TRADING UPDATE SUMMARY: Joules In Lockdown Hit But Online Surges

Read more
27 Aug 2020 18:03

IN BRIEF: Angus Revises Environment Application For Brockham Well

IN BRIEF: Angus Revises Environment Application For Brockham Well

Read more
20 Aug 2020 14:27

IN BRIEF: Angus Energy Seeks Approval For Well Test At Balcombe Site

IN BRIEF: Angus Energy Seeks Approval For Well Test At Balcombe Site

Read more
18 Aug 2020 18:58

IN BRIEF: Angus Energy Says Saltfleetby Decommissions To Be Cheaper

IN BRIEF: Angus Energy Says Saltfleetby Decommissions To Be Cheaper

Read more
13 Aug 2020 13:49

Angus Energy Applies For Extended Well Test At Balcombe Site

Angus Energy Applies For Extended Well Test At Balcombe Site

Read more
12 Aug 2020 12:00

UK TRADING UPDATE SUMMARY: Angus Energy Lands Offtake Pact With Shell

UK TRADING UPDATE SUMMARY: Angus Energy Lands Offtake Pact With Shell

Read more
7 Aug 2020 20:14

IN BRIEF: Angus Energy Gets Approval To Extend Theddlethorpe Pipeline

IN BRIEF: Angus Energy Gets Approval To Extend Theddlethorpe Pipeline

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.