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Pin to quick picksAngus Energy Regulatory News (ANGS)

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Balcombe Update

13 Aug 2020 07:00

RNS Number : 9831V
Angus Energy PLC
13 August 2020
 

 

13 August 2020

 

 

Angus Energy Plc

("Angus Energy", "Angus" or the "Company")

 

 

Balcombe Update

Angus Energy plc (AIM : ANGS) is pleased to announce that, pursuant to Town and Country Planning regulations, the Company has posted notice of its Application for an Extended Well Test at the Balcombe site, and following the statutory seven day waiting period, the submission will be lodged with West Sussex County Council in Chichester no later than Thursday 20th August.

As previously the Company would like to make clear once more that it does not employ, or intend to employ, any hydraulic fracturing techniques on any of its presently operated fields. Hydraulic fracturing is an expensive and complex technique used to improve the performance of wells producing directly from shale reservoirs. As regards Balcombe in particular Angus do not need to use this technique because we will be producing from a limestone reservoir within the shale.

George Lucan, Managing Director, comments "With our revised planning application, over which great care has been taken, we look forward to a fair hearing and positive result which will allow the Company and its shareholders to exploit this valuable asset and make our own contribution to the Government's Net Zero targets specifically by replacing imported hydrocarbons and their higher associated carbon footprint."

 

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

Flagstaff PR/IR

angus@flagstaffcomms.com

Tim Thompson

Tel: +44 (0) 207 129 1474

Fergus Mellon

 

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 PEDL143 Licence (A24 Prospect).

 

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.

 

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.
 
END
 
 
UPDUUSARRRUWAUR
Date   Source Headline
30th Jan 20204:30 pmRNSInvestor Questions - Matters Arising
28th Jan 202010:00 amRNSSaltfleetby Farmin Agreement
22nd Jan 20203:38 pmRNSOperations Update
7th Jan 20207:00 amRNSRepayment of former Director's Loan
20th Dec 20195:23 pmRNSUpdate on Balcombe
20th Dec 20197:00 amRNSSaltfleetby Gas Field Update
6th Dec 20197:00 amRNSLoan Balance Reduction
4th Dec 20197:00 amRNSHolding(s) in Company
2nd Dec 20197:00 amRNSOGA approvals received regarding Saltfleetby
29th Nov 20194:40 pmRNSSecond Price Monitoring Extn
29th Nov 20194:35 pmRNSPrice Monitoring Extension
18th Nov 201910:41 amRNSHolding(s) in Company
15th Nov 20192:44 pmRNSBalcombe Update
30th Oct 20196:00 pmRNSInvestor Questions and Answers Forum
28th Oct 20191:26 pmRNSHolding(s) in Company
25th Oct 20197:00 amRNSDecommissioning Liabilities and Associated Funding
2nd Oct 20194:30 pmRNSBalcombe Planning Application
1st Oct 201911:59 amRNSHolding(s) in Company
1st Oct 20197:00 amRNSInvestor Presentation - Matters Arising
30th Sep 20197:00 amRNSShareholder update meeting and presentation
26th Sep 20193:54 pmRNSDirector/PDMR Shareholding
25th Sep 20191:55 pmRNSBalcombe Update
25th Sep 20191:22 pmRNSHolding(s) in Company
17th Sep 20193:55 pmRNSDirector/PDMR Shareholdings
16th Sep 20194:40 pmRNSSecond Price Monitoring Extn
16th Sep 20194:35 pmRNSPrice Monitoring Extension
10th Sep 201910:12 amRNSHolding(s) in Company
9th Sep 20197:00 amRNSShareholder update meeting and presentation
20th Aug 20197:00 amRNSPEDL143 Licence Extension
19th Aug 20198:55 amRNSSaltfleetby Update
31st Jul 20195:13 pmRNSTotal Voting Rights
29th Jul 20197:00 amRNSSaltfleetby Gas Field: Update
17th Jul 201911:25 amRNSDirector/PDMR Shareholding
17th Jul 201910:30 amRNSShare Option Award and Issue of Equity
16th Jul 20195:56 pmRNSDirector/PDMR Shareholding
16th Jul 20192:00 pmRNSPrice Monitoring Extension
16th Jul 20199:05 amRNSSecond Price Monitoring Extn
16th Jul 20199:00 amRNSPrice Monitoring Extension
16th Jul 20197:00 amRNSManagement Changes and Saltfleetby Update
12th Jul 20197:00 amRNSInvestor Conference Call: Summary of Q&A
11th Jul 20197:00 amRNSNotice of Investor Conference Call
1st Jul 201911:05 amRNSSecond Price Monitoring Extn
1st Jul 201911:00 amRNSPrice Monitoring Extension
28th Jun 201910:15 amRNSBrockham Well Test Results and Balcombe Update
24th Jun 20197:00 amRNSNotice of Investor Conference Call
24th Jun 20197:00 amRNSHalf-year Report
19th Jun 201910:01 amRNSAcquisition of Interest in Saltfleetby Gas Field
3rd Jun 20192:05 pmRNSSecond Price Monitoring Extn
3rd Jun 20192:00 pmRNSPrice Monitoring Extension
3rd Jun 20197:00 amRNSBrockham Operations Update

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