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Angus Energy receives OGA approval
Angus Energy receives OGA approval.
About this update from Angus Energy Plc
[{"type":"text","content":"\n \nRNS Number : 2655U Angus Energy PLC 23 October 2017 \n\n 23 October 2017\n \n \nAngus Energy Plc\n(\"Angus Energy\" or the \"Company\")\n \nAngus Energy Receives OGA Approval \n \n \nAngus Energy, a conventional oil and gas development company, is pleased to announce subsequent to its RNS of 22 September 2017, the Company has received final approval from the Oil and Gas Authority (\"OGA\") for its Field Development Plan Addendum at the Brockham Oil Field (Production License PL235). \n \nAs stated in the Company RNS of 11 May 2017, this OGA approval is the final regulatory consent needed for the Company to begin production from the Kimmeridge layers in well BR-X4Z (\"X4Z\").\n \nThe X4Z Well will inititially produce from a 200 meter (\"m\") naturally fractured section of a 385m thick, Kimmeridge interbedded shale and limestone layer. Further technical guidance can be found in the Company's RNS of 3 March 2017. \n \nPrior to initiating production, Angus Energy will install a connection to the National Grid for the distribution of excess power generated on-site as outlined in the Company RNS of 22 September 2017. \n \nUpon completion of this installation, production from X4Z will commence. Angus Energy will update the market in due course. \n \nThe Company reiterates there will be no hydraulic fracturing or \"fracking\" at the Brockham Oil Field. \n \nAngus Energy's previous guidance on the Brockham Field remains unchanged. \n \nFurther information can be found at www.angusenergy.co.uk.\n \n-END-\n ...