Angus Energy PLC Brockham Operations Update (6687Y)
May 10 2019 - 3:30AM
UK Regulatory
TIDMANGS
RNS Number : 6687Y
Angus Energy PLC
10 May 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.
10 May 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 the rig has
now been demobilised. Additionally, having set the plug, and
function tested the downhole pump we believe that we have, as
planned, successfully isolated the water zone without bringing
hydrocarbons to surface. This is in line with our timetable of
works as published in RNS of 3 April 2019.
We will now analyse the results with our partners before
proceeding to the next stage which would involve bringing on site
full well testing equipment and commencing flow tests.
George Lucan, interim Managing Director, writes: "We set out a
detailed timetable of works at Brockham and have completed the
first stage of works efficiently, safely and on time."
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
Beaumont Cornish (Nomad) www.beaumontcornish.com
James Biddle/ Roland Cornish Tel: +44 (0) 207
628 3396
WH Ireland Limited (Broker)
Katy Mitchell/ Harry Ansell Tel: +44 (0) 113
394 6600
Yellow Jersey angus@yellowjerseypr.com
Tim Thompson Tel: +44 (0) 203
004 9512
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).
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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