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

Published: 15:26 17 Nov 2017 GMT

Proactive Investors oil & gas correspondent Jamie Ashcroft discusses the 'disappointing' early production rates from the Lidsey oil field.

Initial numbers from the Great Oolite reservoir, the first of three reservoirs that are deemed ‘potentially viable’, were reported at 40 barrels per day.

Angus Energy Plc (LON:ANGS) said the well’s output is below the expectations set out in its November 2016 competent persons report, though work is continuing to clean up the well.

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