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 |
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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: +44 (0) 208 899 6380 |
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Beaumont Cornish (Nomad) |
www.beaumontcornish.com |
James Biddle/ Roland Cornish |
Tel: +44 (0) 207 628 3396 |
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WH Ireland Limited (Broker) |
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Katy Mitchell/ Harry Ansell |
Tel: +44 (0) 113 394 6600 |
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Yellow Jersey |
[email protected] |
Tim Thompson |
Tel: +44 (0) 203 004 9512 |
Henry Wilkinson |
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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).
