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Angus Energy to re-start Brockham in Surrey with two wells

BR-X2Y was producing about 30bbl/day prior to its temporary closure
Weald Basin
Two wells are now planned for Brockham

Angus Energy PLC (LON:ANGS) has confirmed production at the Brockham field near Reigate in the Weald Basin will re-start in March from two wells rather than the one originally planned.

Production will come from BR-X2Y and BR-X4Z and target the Portland Reservoir at a depth of about 615m.

READ: You missed the point - David Lenigas gives both Twitter barrels to Angus Energy critics

BR-X2Y was producing about 30bbl/day prior to its temporary closure.

Previously Angus had said it wanted 150 barrels daily from Brockham, including a sidetrack to X4Z.

Production from both wells will be carried out through conventional production with no fracking.

WATCH: Angus Energy & UKOG give latest twists for Weald basin exploration story

Angus Energy is the 65% majority owner and operator of the Brockham licence, with listed firm Alba Mineral Resources PLC (LON:ALBA) owning a 5% stake.

George Frangeskides, Alba's Executive Chairman, said: "We are pleased to report this proposed doubling in the number of wells that Angus Energy now wish to bring into production at Brockham this quarter.”

Shares in Angus rose 10% to 11.1p and Alba 2.5% to 0.42p.

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