Angus Energy completes first stage of Balcombe Partnership

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.