Business
Saltfleetby Field: Production Ramp Up
Saltfleetby Field: Production Ramp Up.
About this update from Angus Energy Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 6/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"MAR\"), AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR.\n \n15 May 2023\nAngus Energy Plc \n(\"Angus Energy\", \"Angus\" or the \"Company\")\nSaltfleetby Field: Production Ramp Up\n \nAngus Energy (AIM: ANGS) is pleased to announce that, as planned, the second compressor at Saltfleetby Field was successfully commissioned in dual compressor mode on 10th May and the 3 producing wells in the field, B2, A4 and the new B7T well, have been flowing gas to the National Grid at the combined average daily rate of 9.5 mmscfd since then. This represents more than a 75% increase in production over that achieved in the first quarter of this year. As expected, the new B7T well is producing between 4-5 mmscfd through the temporary flowline with stable flow as it continues to clean-up.\nAngus CEO, Richard Herbert, commented: \"The achievement of our goal of putting 3 wells in production through the Saltfleetby facility is very satisfying and represents an important milestone for the Company as it positions for strong cash flow generation and growth in the future. I am very grateful to the Angus team for all their hard work to deliver this great progress.\"\n \nEND.\n \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\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\nFlagstaff PR/IR\n\n\[email protected]\n\n\n\n\nTim Thompson\n\n\nTel: +44 (0) 207 129 1474\n\n\n\n\nFergus Mellon\n\n\n\n\n\n\n\nAleph Commodities\n\n\[email protected]\n\n\n\n \nQualified Person's Statement: Andrew Hollis, the Technical Director of the Company, who has over 40 years of relevant experience in the oil and gas industry, has approved the information contained in this announcement. Mr Hollis is a Fellow of the Geological Society and me...