Angus Energy (AIM: ANGS) is pleased to announce that the Company’s site operations team, with supporting specialists, has now introduced and processed well head gas throughout the combined extraction and condensate processing facility.
Well B2 has alone been delivering at an equivalent rate of 5 million standard cubic feet per day, surpassing the Company’s internal expectations, although we expect deliverability to normalise with time. The Company will introduce the stream from the A4 well shortly.
The stream has been passed through the whole process plant including condensate stabilisation and storage tanks as well as gas analysis. Specification gas has been achieved in short tests to date as has an export pressure of approximately 60 barg sufficient for entry into the national transmission system, or “grid”
The Company will make nominations for gas sales when it is satisfied of stable flow, uninterrupted by electronic trips, for an extended period of time being not less than 8 hours continuous flow which we strongly believe will occur before the end of August thereby meeting the current deadline under the Company’s revised hedge arrangements as notified on 29 July 2022.
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Enquiries:
Angus Energy Plc
George Lucan
Tel: +44 (0) 208 899 6380
