Business
Kimmeridge Assessment at Lidsey
Kimmeridge Assessment at Lidsey.
About this update from Angus Energy Plc
[{"type":"text","content":"\n \nRNS Number : 3446T Angus Energy PLC 03 July 2018 \n\n 3 JULY 2018 \n \nAngus Energy Plc\n(\"Angus Energy\", the \"Group\" or the \"Company\")\n \nKimmeridge Assessment Indicates High Quality Crude at Lidsey\n \nNew Measurements Show Kimmeridge Producing 38 - 40 API, Light Crude\n \n \nAngus Energy Plc (LSE:ANGS), a leading UK on-shore, conventional oil and gas production and development company, is pleased to provide results from its supplementary assessment programme at the Lidsey Oil Field. Having consent from all its regulators, the Company performed a Geochemical Analysis of oil produced from the Kimmeridge (Clay) Layers in the Lidsey-X1 Well. \n \nIn order to conduct the assessment, production from the Great Oolite formation was temporarily isolated and the Kimmeridge exposed to allow fluid samples to be collected. The Kimmeridge formation immediately produced light oil, samples which were sent for third-party analysis. The Geochemical Analysis was performed by the same organization that previously provided third-party geological evaluations of Horse Hill and Brockham.\n \nThe multiple samples tested demonstrated a composite of oil from the Oxfordian and Kimmeridge layers exhibiting a mixed range of source maturities. The lowest quality crude in the range possessed light, 38.5 -degree API oil in the natural fracture system. \n \nAngus Energy's Chief Geologist, Andrew Hollis said \"The significance of this assessment is that we now have demonstrable evidence of oil generation of good quality on the outer perimeter of the basin. This supports our conclusion that ...