Brockham Update: Variation of EA application

RNS Number : 3737X

Angus Energy PLC

27 August 2020

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) ("MAR"). THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

27 August 2020

Angus Energy Plc

("Angus Energy" or the "Company")

Variation of Environment Agency application

Angus Energy (AIM: ANGS) are pleased to announce the submission of variation application to the Environment Agency (EA) which includes a revised Hydrogeological Risk Assessment regarding the use of one of the Brockham wells for water injection. This substantial document has been prepared following consultation with the EA and a number of specialists. A short programme of data collection on the well in question is also planned as part of the undertakings. Water injection for pressure support is the most important means of enhancing the recovery of oil from a reservoir and a successful scheme would ensure a life for the Brockham Field on into the future.

Technical Sign off

Andrew Hollis, the Technical Director of the Company, who has over 40 years of relevant experience in the oil and gas industry, has approved the information contained in this announcement. Mr Hollis is a Fellow of the Geological Society and member of the Society of Petroleum Engineers.

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Enquiries:

Angus Energy Plc	www.angusenergy.co.uk
George Lucan	Tel: [phone]
Beaumont Cornish (Nomad)	www.beaumontcornish.co m
James Biddle/ Roland Cornish	Tel: [phone]
WH Ireland Limited (Broker)
Katy Mitchell/ Harry Ansell	Tel: [phone]
Flagstaff PR/IR	[e-mail]
Tim Thompson	Tel: [phone]
Fergus Mellon

Notes

About Angus Energy plc. Angus Energy plc. is a UK AIM quoted independent onshore oil and gas production and 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 majority owns and operates conventional oil production fields at Brockham (PL 235) and Lidsey (PL 241) and has a 25% interest in the Balcombe Licence (PEDL244) and a 12.5% interest in the PEDL143 Licence (A24 Prospect) and a 51% interest in the Saltfleetby Gas Field (PEDL005).

 

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