Member Info for luckyman2

Angus Energy plc (LSE:ANGS), a leading UK conventional oil and gas production and development company, is pleased to announce the flow test of the horizontal well, Balcombe-2z,  has commenced. First hydrocarbons have flowed to surface as expected in normative operations. Following completion, the Company will report results of the flow test in due course.

Remember buy on the dips.
Just topped up myself 200000 more.

Will their well test result affect our SP?

I dont trust matd to stick to timeframes.
Will wait till we get the spud RNS before i believe it is going ahead next Month.
If they postpone this drill till next year the SP will plummet so worth the wait.till spud..

Totally agree.
Might just move equipment over pospone drilling and leave undercover till spring.

Parta spud
December or January? who cares.

W H could be another 3 weeks before we spud.
Lots of equipment to be moved by trucks and over 450km away.

Alan2017

Thanks
Only looked through last few RNSs.

Take from previous rns.

The Company will perform a 7-day well test on the horizontal Balcombe-2z well at Balcombe prior to commencing today's approved work.

When are we starting our well test?
Anyone know for sure?

I think that corallian have reduced their cost of the colter well so that they can pay towards their share to drill the Oulten prospect.imo

Munroe Swell.Wick or Colter next?
Shouldnt be too long now.imo

our share will be around at least 135bbls/pd including workovers @ $78 per barrel = $3,800.000 pa

The local stakeholders are the sheep.
They have agreed to stop grazing till we find oil.

could easily drop to 5p.
Now we know why they did a fund raise

Yes this is certainly good news.
More wells to follow in West Brentwood ax well.
Easy money

I did say yesterday that 200bbls/pd would be nice.
For the doubters this is just the beginning

Once the rig is up we then have to carry out safety and function checks.
Make sure the parts returned from Italy are working ok.

• Reabold is now working with Corallian to
bring funding partners into its Oulton
project
• Undeveloped Oulton oil accumulation
estimated to contain 20M bbls of oil
recoverable with an upside P10 of >50M
bbls*
• Discovery made in 1974 by Amoco; 3/11-1
well tested up to 1,500 bopd from Jurassic
Emerald sandstone
• Potential development via two producers
and one injector; subsea tie back to Cheviot
redevelopment
• $180M project NPV*
• Currently Corallian at 100% equity interest
• Drill or drop decision in Q3

No problem buying on iii.co.uk