Brockham Field Update

RNS Number : 4083U

Angus Energy PLC

18 January 2017

 

                                                                                                                                                7.00am 18 January 2017

Angus Energy plc

("Angus Energy")

Brockham oil field: Update

Angus Energy plc. (the "Group") is pleased to confirm that, further to the 15 December 2016 announcement, site upgrade works to the production bunds are now complete and well intervention continues on site at Brockham. Accordingly, we anticipate the re-entry of the original Brockham-X1 well being completed within the week with the work to complete and case the well taking 2 to 3 days thereafter. The Group will update the market once the well is complete and then make a further announcement when it is in a position to fully evaluate the results of the geological evaluation assessment, expected to be 3 weeks thereafter.      

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Enquiries:

Angus Energy Plc
Jonathan Tidswell-Pretorius	Tel: [phone]
Paul Vonk
Beaumont Cornish (NOMAD)
James Biddle/ Roland Cornish	Tel: [phone]
www.beaumontcornish.com
Optiva Securities Limited (BROKER)
Jeremy King/ Ed McDermott	Tel: [phone]

About Angus Energy plc.

Angus Energy plc. is an AIM quoted independent onshore oil and gas development company focused on leveraging its expertise to advance its portfolio of UK assets as well as acquire, manage and monetise select projects. Angus Energy owns and operates conventional oil production fields in Brockham (PL 235) and Lidsey (PL 241).

 

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