Last checked at 14 Nov 2016 16:00
14 November 2016
Angus Energy plc
("Angus Energy")
Environment Agency permission received for drilling of the Brockham side-track
Angus Energy plc. (the "Group") is pleased to announce that, further to the disclosure in its recently published AIM Admission document, it has, today, received permission from the Environment Agency to drill the BR-X4Z sidetrack at its Brockham production oil field, license PL 235. The Group will now seek the Health and Safety Executive ("HSE") and Oil and Gas Authority ("OGA") permissions needed to drill the BR-X4Z sidetrack at Brockham and will update the market in due course.
Jonathan Tidswell-Pretorius, Angus Energy's Chairman, commented: "Receiving the Environment Agency's permission to drill the Brockham sidetrack is an important step in the development of the Group. The upcoming sidetrack will allow the Group to increase and prolong the production from the Portland reservoir while also giving the Group an opportunity to assess the potential of, and if successful, produce from the Kimmeridge limestones and Upper Coralian layer."
END.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquiries:
Angus Energy Plc |
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Jonathan Tidswell-Pretorius | Tel: +44 (0) 208 899 6380 |
Paul Vonk |
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Beaumont Cornish (NOMAD) |
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James Biddle/ Roland Cornish | Tel: +44 (0) 207 628 3396 |
www.beaumontcornish.com |
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Optiva Securities Limited (BROKER) |
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Jeremy King/ Ed McDermott | Tel: +44 (0) 203 137 1903 |
About Angus Energy plc.
Angus Energy plc. is an AIM quoted independent onshore oil and gas 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 owns and operates conventional oil production fields in Brockham (PL 235) and Lidsey (PL 241).