Second Quarter 2024 Production and Operations Update
· Production for the Quarter was 6.48 mm therms of natural gas and 10,478 bbls of condensate
· Estimated revenues of £4.90m for the Quarter
Gas volumes produced and sold from the Saltfleetby Field equalled 6.48 mm therms in aggregate for the months of April, May and June 2024 combined. Second quarter production equates to an average of 2.16 mm therms per month. Operational efficiency was 91% for the second quarter. Gas condensate (liquid) production averaged 115 bbl/day.
The Quarter had no major planned maintenance activities of production critical equipment with only minor servicing of the two compressor engines carried out during the Quarter. A well performance management strategy to address the impact of liquids on production rates is being developed.
At the Brockham Oil Field, production resumed on the 4th of June. At the end of the Quarter, two road tanker shipments had successfully completed with cumulative oil production measured at 560 barrels.
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Angus Energy Plc www.angusenergy.co.uk
Richard Herbert
Chief Executive Director Via Flagstaff
