Operations Update & Schedule of Works at Brockham

RNS Number : 8945U

Angus Energy PLC

03 April 2019

 

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.

7am on 3 April 2019

Angus Energy Plc

("Angus Energy" or the "Company")

Operations Update

Schedule of Works at Brockham

Angus Energy (AIM: ANGS) is pleased to announce that it has today published a presentation on the Company and its proposed operations at Brockham. A copy of the presentation is available on the Company's website, www.angusenergy.co.uk.

Included in the presentation is a timetable which sets out a programme for works at Brockham beginning on or around 12 April 2019, all regulatory approvals permitting.    In summary the works are as follows:

Rig Acceptance and Mobilisation	3 Days
Isolation of water, reperforation and recompletion	19 Days
Rig Demobilisation	6 Days
Lead Time for Arrival of Well Test Kit	14 Days
Installation, Testing & Commission of Equipment	10 Days
Flow Test & Production Results	11-16 Days

George Lucan, interim Managing Director, writes:  "We are pleased to be able to evidence that our commitment to comprehensive communications with shareholders is being delivered in a timely fashion.  We look forward with excitement to completion of these works."

Qualified Person's Statement:

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.

END.

Enquiries:

Angus Energy Plc	www.angusenergy.co.uk
George Lucan	Tel: [phone]
Beaumont Cornish (Nomad)	www.beaumontcornish.com
James Biddle/ Roland Cornish	Tel: [phone]
WH Ireland Limited (Broker)
Katy Mitchell/ Harry Ansell	Tel: [phone]
Yellow Jersey	[e-mail]
Tim Thompson	Tel: [phone]
Henry Wilkinson

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 Holmwood licence (PEDL143).

 

END

 

 

MSCELLFBKZFXBBB