Business
PEDL143 Licence Extension
PEDL143 Licence Extension.
About this update from Angus Energy Plc
[{"type":"text","content":"\n \nRNS Number : 5460J Angus Energy PLC 20 August 2019 \n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) (\"MAR\"). THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n7 am 20 August 2019\nAngus Energy Plc\n(\"Angus Energy\" or the \"Company\")\nPEDL143 Licence Extension\n \nAngus Energy (AIM: ANGS) is pleased to announce that the Oil and Gas Authority (\"OGA\") has granted a two-year extension to the initial term of the PEDL143 Licence in which the company has a 12.5% interest. The initial term will now end on 30 September 2022.\nThe PEDL143 Licence is operated and majority owned by UK Oil & Gas plc which has expressed its intention to evaluate multiple potential new drilling sites outside the nearby Area of Outstanding Natural Beauty and prepare a drilling programme within the initial term of the Licence subject to all regulatory approvals and planning consents.\nUK Oil & Gas plc notes in its release that the Licence \"contains the significant \"A24\" Portland and Kimmeridge oil prospect, a direct geological look-alike to [its] Horse Hill oil field, situated on-trend some 8km to the east. Several smaller prospects of similar size to the nearby Brockham Portland oil field have also been identified.\"\n \n \nEND.\nEnquiries:\n\n\n\nAngus Energy Plc\n\n\nwww.angusenergy.co.uk\n\n\n\n\nGeorge Lucan\n\n\nTel: +44 (0) 208 899 6380\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBeaumont Cornish (Nomad)\n\n\nwww.beaumontcornish.com\n\n\n\n\nJames Biddle/ Roland Cornish\n\n\nTel: +44 (0) 207 628 3396\n\n\n\n\n\n\n\n\n\n\n\n\nWH Ireland Limited (Broker)\n\n\n\n\n\n\n\nKaty Mitchell/ Harry Ansell\n\n\nTel: +44 (0) 113 394 6600\n\n\n\n\n\n\n\n\n\n\n\n\nYellow Jersey\n\n\[email protected]\n\n\n\n\nTim Thompson\n\n\nTel: +44 (0) 203 004 9512\n\n\n\n\nHenry Wilkinson\n\n\n\n\n\n\n \n \nNotes\nAbout Angus Energy plc. Angus Energy plc. is a UK AIM quoted independent onshore oil and gas production and development company focused on leveraging its expertise to advance its portfolio of UK assets as well as acquire, manage and monetise select projects. Angus Energy majority owns and operates conventional oil production fields at Brockham (PL 235) and Lidsey (PL 241) and has a 25% interest in the Balcombe Lice...