Angus Energy Plc · LSE:ANGS
Angus Energy — Corporate Update (April 2019)
12 slides from Angus Energy's corporate update, April 2019
Slide 1: Brockham Work Programme
Brockham Work Programme April 2019
Slide 2: Management & Board
MANAGEMENT & BOARD Insert Pic George Lucan Insert Pic Cameron Buchanan Managing Director Non-Executive Director Patrick Clanwilliam Andrew Hollis Non-Executive Chairman Technical Director Jonathan Tidswell- Carlos Fernandes Insert Pic Pretorius Finance Director Operations Director (non-Board) Brockh
Slide 3: Shareholder Structure
SHAREHOLDER STRUCTURE Issued share capital of Angus Energy plc consists of 458,944,208* 9.91 Ordinary Shares of £0.002 each % 6.53% Disclosed Shareholdings in Angus Energy greater than 3% 5.01% (as at 11th March2019): 78.55% Knowe Properties Limited JDA Consulting Limited Jonathan Tidswell-Pretorius
Slide 4: Portfolio: Complementary Assets
PORTFOLIO: COMPLEMENTARY ASSETS BrockhamField PL 235 Balcombe Field PEDL 244 PEDL 143 (Holmwood Prospect) LidseyField PL 241 Brockham Work Programme – April 2019 4
Slide 5: Portfolio
PORTFOLIO Brockham 65% Majority Interest + Operator Balcombe 25% Ownership + Operator Holmwood 12.5% Minority Interest Lidsey 80% Ownership* + Operator (*) 70% ownership of license PL241 (subject to completion of Doriemus Sale ); 50% economic interest in production well Lidsey-X2 Brockham Work Progr
Slide 6: Brockham Work Programme: Two Phase Programme
BROCKHAM WORK PROGRAMME TWO PHASE PROGRAMME STAGE 1 STAGE 2 Isolation of water, re-perforation and Installation of production equipment recompletion of Brockham X4Z and commissioning of BrockhamX4Z for flow testing / optimisation. Brockham Work Programme – April 2019 6
Slide 7: Work Programme Timeline
WORK PROGRAMME TIMELINE PROGRAMME OVERVIEW WORKING DAYS ESTIMATED RIG ACCEPTANCE AND MOBILISATION 3 DAYS ISOLATION OF WATER, REPERFORATION AND RECOMPLETION 19 DAYS RIG DEMOBILISATION 6 DAYS LEAD TIME FOR ARRIVAL OF WELL TEST KIT 14 DAYS INSTALLATION, TESTING & COMISSION OF EQUIPMENT 10 DAYS FLOW TES
Slide 8: Breakdown
BREAKDOWN Work Programme Detailed Breakdown – Stage 1 Rig acceptance & mobilisation: The delivery of the work-over rig, rigging up and testing rig systems and finally rig acceptance. Isolation of Water: Full logging program over perforated section to identify water zone. The isolation of the water z
Slide 9: Breakdown
BREAKDOWN Work Programme Detailed Breakdown – Stage 2 Installation, testing and commission of equipment: Following rig demobilisation well testing / production equipment is scheduled with 2 weeks due to equipment availability. Installation and commissioning of production equipment to last a maximum
Slide 10: Delivering Regular News
DELIVERING REGULAR NEWS As part of the commitment of the new executive management team to keep shareholders as comprehensively informed of operational activities as possible Angus Energy will undertake to: • Provide Regular RNS updates as each section of the work programme is completed. • Provide ph
Slide 11: Objective - Brockham
OBJECTIVE - BROCKHAM Quick and relatively easy workover program to isolate the water section and move to stable production from the Kimmeridge Setting a bridge plug to isolate the water is a simple solution that can be carried out once the water bearing section is identified A detailed logging progr
Slide 12: Thank You
THANK YOU George Lucan Managing Director www.angusenergy.co.uk T: 020 8899 6380