We were delighted to host Angus Energy (ANGS) CEO George Lucan and three other CEO's at our well-attended October Natural Resources webinar on Tuesday 4.10.22.
George Lucan gave his first detailed investor presentation post First Gas and took questions from investors.
- George explained that flow rates are due to be ramped up to 6 million cubic feet per day (or scuffs) in October.
- A second compressor will be installed in December, which hopefully takes flow rate capacity up to 12M cubic feet in January.
- And a potentially massive sidetrack well is due to spud in October, doubling the amount of gas.
- George said this is fully funded barring technical overruns
- And even if the sidetrack were to not work at all, the current 2 wells can recover all the recoverable gas at 7M cubic feet per day, it will just take longer.
Angus Energy (ANGS)