Ukog3 Jul 2018 09:11
Angs rns
Angus Energy Plc (LSE:ANGS), a leading UK on-shore, conventional oil and gas production and development company, is pleased to provide results from its supplementary assessment programme at the Lidsey Oil Field. Having consent from all its regulators, the Company performed a Geochemical Analysis of oil produced from the Kimmeridge (Clay) Layers in the Lidsey-X1 Well.
In order to conduct the assessment, production from the Great Oolite formation was temporarily isolated and the Kimmeridge exposed to allow fluid samples to be collected. The Kimmeridge formation immediately produced light oil, samples which were sent for third-party analysis. The Geochemical Analysis was performed by the same organization that previously provided third-party geological evaluations of Horse Hill and Brockham.
The multiple samples tested demonstrated a composite of oil from the Oxfordian and Kimmeridge layers exhibiting a mixed range of source maturities. The lowest quality crude in the range possessed light, 38.5 -degree API oil in the natural fracture system.
Angus Energy's Chief Geologist, Andrew Hollis said "The significance of this assessment is that we now have demonstrable evidence of oil generation of good quality on the outer perimeter of the basin. This supports our conclusion that the Weald Basin Kimmeridge play is robust and the highest maturity will be found in the centre of the Weald at Brockham, Balcombe, Holmwood and Horse Hill.
"Based on the data, it is possible that fields centred in the Weald could produce even lighter, sweeter crude at 40 API. Comparatively, Brent Oil is 36 API," he said
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