RE: BPC Letter15 Nov 2019 12:09
WSCC/071/19Page8/27At the Community Liaison Group meeting on the 4thNovember 2019, Angus Energystated that they were closing down the Brockham well because it was not a viableproposition and would instead be relying on production from Balcombe.We do nothave any confidence in the company’s financial position.BalcombeParishCouncil requests?That £400,000 should be placed in an escrow account immediately tocover the restoration of the Balcombe site,whether or notfurther workis undertaken at the site.?That, given the limited financial resources of Angus Energy PLCand itssubsidiaries, they should also be required to take out appropriateinsurance to cover any damage caused by the operation for a minimumperiod of 50 years beyond the life of the well. We ask that the level ofindemnity be set to cover all eventualities.?That WSCC should consider whether Angus Energyisin a sufficientlysound position to undertake work of this nature