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Pin to quick picksAngus Energy Regulatory News (ANGS)

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London Stock Exchange
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Angus Energy PLC - Brockham Operations Update

Mon, 3rd Jun 2019 07:00

RNS Number : 8455A
Angus Energy PLC
03 June 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.

 

7.00 am on 3 June 2019

Angus Energy Plc

("Angus Energy" or the "Company")

Brockham Operations Update

 

Angus Energy (AIM: ANGS) is pleased to announce that after consideration of the recent results of the Brockham work programme, preparatory operations for the second stage will commence on the week of 17 June 2019.

The further preparatory work aims to ensure the borehole is in optimum condition for testing, and to give the best possible communication between the well and the fracture system in the formation. Once this has been completed then, subject to agreement of partners, well testing can commence to ascertain whether commercial hydrocarbon flows can be achieved from the BRX4Z well as envisaged per our timetable of 3 April.

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.
 
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