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Lidsey Oil Field Update
Lidsey Oil Field Update.
About this update from Angus Energy Plc
[{"type":"text","content":"\n \nRNS Number : 9729W Angus Energy PLC 20 November 2017 \n\n 20 November 2017\n \n \nAngus Energy Plc\n(\"Angus Energy\" or the \"Company\")\n \n \nLidsey Oil Field Update\n \n \nAngus Energy Plc, a conventional oil and gas production and development company, is pleased to provide an update to the Company RNS of 17 November 2017. \n \n \nOperational Update - Lidsey Oil Field\n \n· The Lidsey-X2 well experienced significant gas locks at pump causing the original equipment to cease operation. \n \n· A 150 bopd pump with a 120-meter tailpipe extension was installed (prior to the 17 November RNS). This pump did not gas lock or cease functioning however every six hours the rate declined significantly with bubbly oil recovered to surface even though production is above bubble point. \n \n· The flow rate of 40 bopd, per the company RNS of 17 November was recorded from Lidsey-X2 on Thursday 16 November whilst attempting to identify the down hole issues. The company notes this current rate is twice the historical output from the Lidsey field. \n \n· The Lidsey-X1 well, shut in since January 2016, to be brought back in to production.\n \n· Angus Energy has put in place a comprehensive diagnostic program with the help of external experts to make all necessary repairs and adjustments to further conventional oil production at Lidsey and increase yield from Lidsey-X2. \n \n \nGeochemical Analysis Update - Lidsey-X2\n \nAngus Energy is pleased to provide an...