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Angus Energy PLC

Angus Energy PLC - Brockham Update: Variation of EA application

RNS Number : 3737X
Angus Energy PLC
27 August 2020
 

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.

 

 

 

 

27 August 2020

Angus Energy Plc

("Angus Energy" or the "Company")

Variation of Environment Agency application

Angus Energy (AIM: ANGS) are pleased to announce the submission of variation application to the Environment Agency (EA) which includes a revised Hydrogeological Risk Assessment regarding the use of one of the Brockham wells for water injection. This substantial document has been prepared following consultation with the EA and a number of specialists. A short programme of data collection on the well in question is also planned as part of the undertakings. Water injection for pressure support is the most important means of enhancing the recovery of oil from a reservoir and a successful scheme would ensure a life for the Brockham Field on into the future.

Technical Sign off

Andrew Hollis, the Technical Director of the Company, who has over 40 years of relevant experience in the oil and gas industry, has approved the information contained in this announcement. Mr Hollis is a Fellow of the Geological Society and member of the Society of Petroleum Engineers.

END.

 

Enquiries:

Angus Energy Plc

www.angusenergy.co.uk

George Lucan

Tel: +44 (0) 208 899 6380





Beaumont Cornish (Nomad)

www.beaumontcornish.com

James Biddle/ Roland Cornish

Tel: +44 (0) 207 628 3396



WH Ireland Limited (Broker)


Katy Mitchell/ Harry Ansell

Tel: +44 (0) 113 394 6600



Flagstaff PR/IR

angus@flagstaffcomms.com

Tim Thompson

Tel: +44 (0) 207 129 1474

Fergus Mellon


 

Notes

About Angus Energy plc. Angus Energy plc. is a UK AIM quoted independent onshore 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. Angus Energy 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) and a 12.5% interest in the PEDL143 Licence (A24 Prospect) and a 51% interest in the Saltfleetby Gas Field (PEDL005).

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