Thu, 4th Mar 2021 07:00
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.
4 March 2021
Angus Energy Plc
("Angus Energy", "Angus" or the "Company")
Angus Energy plc (AIM: ANGS) is pleased to announce that following its announcements on 22 and 24 February 2021, Angus will share with investors a detailed presentation on the Lidsey Oil Field and a further presentation updating shareholders on progress on all of its existing assets and its focus on developing Transition projects and, in particular, on one potential new project which the Company is progressing in the geothermal energy sphere.
The Lidsey presentation will focus on technical work in seismic and an overall re-evaluation of the reservoir. At IPO in 2016 the Company expected the Lidsey Field would produce up to 300 barrels a day. The document also indicated 9.7m barrels of stock tank oil in place in the licence (although only a limited portion of that could be classified as recoverable based on one well). It is hoped that the revised seismic work, when confirmed, will show the reservoir to have greater aerial extent as well as providing a much improved drilling target as compared to Lidsey X2.
Both presentations may be found under the Presentations section on the Angus website. The Company will hold a live presentation via the Investor Meet Company platform today 4th March 2021 at 5:00pm GMT (details below).
Shareholder Live Presentation details :
The presentation is open to all existing and potential shareholders. Investors can sign up to Investor Meet Company for free and add to meet ANGUS ENERGY PLC via:
Investors who already follow ANGUS ENERGY PLC on the Investor Meet Company platform will automatically be invited.
Angus Energy Plc
Tel: +44 (0) 208 899 6380
Beaumont Cornish (Nomad)
James Biddle/ Roland Cornish
Tel: +44 (0) 207 628 3396
WH Ireland Limited (Broker)
Katy Mitchell/ Harry Ansell
Tel: +44 (0) 113 394 6600
Tel: +44 (0) 207 129 1474
About Angus Energy plc
Angus Energy plc is a UK AIM quoted independent onshore energy transition 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 in upstream, geothermal and renewable energy. Angus Energy has a 51% interest in the Saltfleetby Gas Field (PEDL005), 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).