Business
Brockham Oil Field FDP Addendum submitted
Brockham Oil Field FDP Addendum submitted.
About this update from Angus Energy Plc
[{"type":"text","content":"\n \nRNS Number : 8621E Angus Energy PLC 11 May 2017 \n\n 11.00am 11 May 2017\nAngus Energy plc\n(\"Angus Energy\", \"Angus\" or the \"Company\")\nFDP Addendum submitted to start production from Brockham X4Z Kimmeridge layers \n \nAngus Energy is pleased to announce that following consultation with the UK's Oil & Gas Authority (OGA) it has submitted the required Field Development Plan (FDP) Addendum to commence production from the Kimmeridge layers at its Brockham Oil Field, Production License 235. In addition to the standard HSE consent for any well operations, the FDP Addendum approval from the OGA is the sole regulatory approval required to produce hydrocarbons from the Kimmeridge layers in addition to the existing Portland production. The Company will update investors once the OGA approve the FDP Addendum.\n \nFollowing the Company's RNS dated 10 March 2017, Angus Energy's guidance from 10 March 2017 is unchanged. \n \nThe various press reports have created unwarranted and groundless speculation pertaining to the BR-X4Z sidetrack, the legal status of said sidetrack and the future of production from the Brockham Oil Field. For the avoidance of any doubt following the erroneous reports, the Company has taken the precaution of obtaining additional legal review from Queen's Counsel. \n \nQueen's Counsel (the \"QC\") has confirmed her considered view that well BR-X4 (the donor well of the X4Z sidetrack, also known as well no. 3) has planning p...