Business
BritNRG - 100 Days Delivery and Workover Success
BritNRG - 100 Days Delivery and Workover Success.
About this update from Atlas Metals Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4976A\n MetalNRG PLC\n 02 June 2021\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) (\"UK MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n 2nd June 2021\n \n \n \n \n \n MetalNRG plc\n(The \"Company\" or \"MetalNRG\")\n \n \n BritNRG 100 Days Delivery and Workover Success\n \n \n \n \n \n MetalNRG plc (LON:MNRG), the natural resources and energy investment company, provides an update on its investment in BritNRG Limited (\"BritNRG\"). \n \n \n Following completion of the acquisition of the Oil and Gas assets in Lincolnshire, completed in January 2021, BritNRG had set a number of operational priorities, feeding into a 100-day operational plan. The plan included engagement with key stakeholders, in respect to priority business objectives, risk and compliance management of the assets and a workover of one of the blocked-in wells. \n \n \n BritNRG now provides a summary of the relevant achievements, including the completion of the workover on Whisby No. 6 well (\"W6\"), executed within Q2-2021 as per plan. \n \n \n Key achievements include:\n \n \n § \n Delivery to the UK Oil & Gas Authority (\"OGA\") of the updated Field Development Plan (FDP) for the Whisby field (PL-199):\n \n \n o \n The FDP includes an additional producer, the Whisby #7 well, obtained by side-track drilling of a suspended producer within the licence.\n \n \n § \n Completion and third-party verification of the Business Management Systems, audited and certified by QMS International as follows: \n \n \n o \n Quality Management System certified against ISO 9001; \n \n \n o \n Environmental Management System certified against ISO 14001; \n \n \n o \n Occupational Health and Safety Management System certified against ISO 45001;\n \n \n § \n Debt reconciliation plans agreed with key creditors.\n \n \n § \n Community Engagement Plan ready for implementation.\n \n \n § \n Key appointments within management team, including the group 'Risk and Compliance Director' and the 'Whisby/Newton Asset Manager';\n \n \n § \n W6 well returne...