Recap 2nd March RNs6 Mar 2023 21:09
Drilling Programme
Angus Energy (AIM: ANGS) is pleased to announce that, in line with the announcement of 10 February 2023, the drilling of the SF7v sidetrack at the Saltfleetby Field has concluded, reaching a total measured depth of 2746 meters in the Westphalian 1D reservoir. The well bore has been secured with 4.5" liner to that depth, slotted across the reservoir. Completion operations will commence later this week after surplus equipment has been demobilised.
Following the setting of the well completion production tubing, well clean-up operations will be conducted in the middle of March once coiled tubing equipment becomes available. Flow testing will follow shortly afterward and, assuming coiled tubing services are available at the scheduled date, the additional flow from this well should be available for export from 1 April. The Company will announce results of the flow test once complete.
The Company is confident from the electric logging, mud logging and gas shows in the reservoir section that the well will be a successful producer. Furthermore, the well is drilled alongside and replicates what was previously the best producing well in the field. Technical detail on the final pathway will be made available on the Company's website and social media pages later today.
Wet commissioning of the second compressor began last week and we expect successful full running in the coming days and are confident that the unit will be available for duty well before 1 April.
It’s going to be a very good few weeks for us going forward imho , ignore the noise and our attention seeker gla