The next focusIR Investor Webinar takes place tomorrow with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTPG.L Regulatory News (TPG)

  • There is currently no data for TPG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

DGC Update

12 Jan 2011 07:00

RNS Number : 3026Z
Corac Group Plc
12 January 2011
 



For Immediate Release

12 January 2011

 

Corac Group Plc

 

("Corac")

 

DGC Update

 

Corac Group plc today provides an update on progress of investigations following system tests of the Downhole Gas Compressor (DGC) at Spadeadam in Cumbria during December. Test records from Spadeadam show that of the three compressors in the downhole configuration that were tested, one successfully reached full speed, one would only run at low speed and one did not start at all.

 

The DGC has been stripped down and inspected as part of a rigorous failure analysis process at Corac's workshops in Uxbridge. The non-starting motor was due to failure of a soldered contact in the electronics module that was tested prior to departure to Spadeadam, and was fully functional at that time. It is not possible to attribute this failure directly to either vibration or temperature effects, but it is strongly suspected that either or both factors contributed. A back-up inverter has been substituted to correct this issue.

 

The partially running motor suffered a leak from a sealed oil system that insulates the DGC from its external sleeve. The leak path is believed to have occurred through the motor power connector on the compressor in question. This experience has led Corac engineers to improve the sealing of the motor connectors, to refine the oil filling procedure and introduce further validation of the integrity of the oil system prior to returning to Cumbria.

 

These events have further reinforced the need to improve test facilities at Uxbridge so that more of the proving process can be carried out locally. This will reduce reliance on the Spadeadam facility and de-risk the visits to Cumbria, which remain essential to operate the DGC in methane.

 

The Board is pleased to note the rapid assessment by our engineers of the issues arising from the December tests and that corrective actions are being implemented quickly to keep the programme moving forwards.

 

The Corac team intends to return to Cumbria in the next few weeks following completion of the corrective actions and system rebuild in preparation for partner acceptance testing.

 

Enquiries

Corac Group plc

Phil Cartmell, Executive Chairman

Mark Crawford, Commercial & Finance Director

01895 813463

Cenkos Securities plc

Elizabeth Bowman / Ivonne Cantu

 

020 7397 8924

Buchanan Communications

Richard Darby

Ben Romney

020 7466 5000

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCVFLFFFFFFBBD
Date   Source Headline
27th Jan 20237:00 amRNSCancellation - TP Group Plc
26th Jan 202310:16 amRNSForm 8.5 (EPT/NON-RI) - TP Group PLC
26th Jan 202310:05 amRNSScheme Effective
26th Jan 20237:30 amRNSSuspension - TP Group Plc
25th Jan 20239:20 amRNSForm 8.5 (EPT/NON-RI)
24th Jan 20232:21 pmRNSCourt Sanction of Scheme of Arrangement
24th Jan 20238:55 amRNSForm 8.5 (EPT/NON-RI)
23rd Jan 20235:30 pmRNSTP Group
20th Jan 20239:05 amRNSForm 8.5 (EPT/NON-RI)
19th Jan 20238:26 amRNSForm 8.5 (EPT/NON-RI)
18th Jan 202312:11 pmRNSForm 8.3 - TP Group plc
18th Jan 202312:09 pmRNSForm 8.3 - TP Group plc
18th Jan 20238:37 amRNSForm 8.5 (EPT/NON-RI)
17th Jan 20238:45 amRNSForm 8.5 (EPT/NON-RI)
16th Jan 202312:53 pmRNSForm 8.3 - TP Group plc
16th Jan 20238:40 amRNSForm 8.5 (EPT/NON-RI)
13th Jan 20239:03 amRNSForm 8.5 (EPT/NON-RI)
12th Jan 20238:46 amRNSForm 8.5 (EPT/NON-RI)
11th Jan 20239:38 amRNSForm 8.5 (EPT/NON-RI)
10th Jan 20239:11 amRNSForm 8.5 (EPT/NON-RI)
9th Jan 20238:36 amRNSForm 8.5 (EPT/NON-RI)
9th Jan 20237:00 amRNSRegulatory Clearance & Scheme Timetable Update
6th Jan 20238:25 amRNSForm 8.5 (EPT/NON-RI)
5th Jan 20238:17 amRNSForm 8.5 (EPT/NON-RI)
4th Jan 20239:14 amRNSForm 8.5 (EPT/NON-RI) - TP Group PLC
29th Dec 20223:04 pmRNSSale of Westek Technology Ltd.
29th Dec 20228:44 amRNSForm 8.5 (EPT/NON-RI)
22nd Dec 20228:56 amRNSForm 8.5 (EPT/NON-RI)
21st Dec 202212:22 pmRNSHolding(s) in Company
21st Dec 20229:22 amRNSForm 8.5 (EPT/NON-RI)
20th Dec 202211:10 amRNSForm 8.5 (EPT/NON-RI)
19th Dec 202210:23 amRNSForm 8.5 (EPT/NON-RI)
19th Dec 20229:29 amRNSForm 8.3 - TP Group PLC
15th Dec 20228:58 amRNSForm 8.5 (EPT/NON-RI)
14th Dec 20223:33 pmRNSResult of Court Meeting & General Meeting
14th Dec 202210:26 amRNSForm 8.5 (EPT/NON-RI)
8th Dec 20228:34 amRNSForm 8.5 (EPT/NON-RI)
7th Dec 202210:46 amRNSForm 8.5 (EPT/NON-RI)
6th Dec 20228:54 amRNSForm 8.5 (EPT/NON-RI)
2nd Dec 202210:02 amRNSForm 8.5 (EPT/NON-RI)
1st Dec 20229:55 amRNSForm 8.5 (EPT/NON-RI)
1st Dec 20228:15 amRNSForm 8.3 -TP Group PLC
30th Nov 20228:54 amRNSForm 8.5 (EPT/NON-RI)
29th Nov 20228:14 amRNSForm 8.3 - TP GROUP PLC
28th Nov 20228:22 amRNSForm 8.3 - TP Group PLC
24th Nov 202210:39 amRNSForm 8.5 (EPT/NON-RI)
24th Nov 20228:28 amRNSForm 8.3 - TP GROUP PLC
23rd Nov 20228:48 amRNSForm 8.3 - TP GROUP PLC
22nd Nov 20229:45 amRNSForm 8.5 (EPT/NON-RI)
22nd Nov 20228:26 amRNSForm 8.3 - TP GROUP PLC

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.