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Angus completes drilling of Lidsey-X2
Angus completes drilling of Lidsey-X2.
About this update from Angus Energy Plc
[{"type":"text","content":"\n \nRNS Number : 4945T Angus Energy PLC 13 October 2017 \n\n 13 October 2017\n \nAngus Energy PLC\n(\"Angus Energy\" or the \"Company\")\n \n \nAngus Energy Completes Drilling of Lidsey-X2\n \nAngus Energy is pleased to announce it has successfully completed the drilling of the Lidsey-X2 production well. \n \nThe Company will produce from a \"net oil pay\" section of 443 metres (\"m\") from the Great Oolite limestone reservoir. The production reservoir section has a Measured Depth (\"MD\") of 1,230-1,673m. True Vertical Depth (\"TVD\") of the production section is measured to be 994.9m-1,009.3m. \n \nThe well reached its Total Depth (\"TD\") objective at 1,700m and the slotted oil production liner has been installed. Following de-mobilisation of the BDF-28 drilling rig, the Lidsey-X2 well will be placed into production. \n \nThe well was drilled on time and on budget as outlined in previous Company guidance.\n \nTowards the end of the horizontal section of the Great Oolite reservoir, initial analysis by the Company showed an unexpected change in the lithology of the well. The lithological change indicates a potential extension, continuing to the west of the original reservoir. This entirely new and separate section of the Great Oolite reservoir would be at original conditions as it has never been produced. Further analysis will be undertaken to reach a final determination. The Company will update the market in due course.\n \nDrilling to the Great Oolite reservoir, the primary well objective, the Lidsey-X2 well passed throug...