Angus Energy PLC (AIM:ANGS) Quarterly Saltfleetby Flow Rates and Second Compressor and Side-Track Flow Rates

Flow Rates

Angus Energy (AIM: ANGS) is pleased to announce that gas volumes produced and sold equalled 5.6 million Therms in aggregate for the months of October, November and December combined or 1.87 million Therms per month all in excess of both hedged volumes and predictions made in our Competent Person’s Report of January 2020.

Average daily flow rates were highest in November at 6.0 mmscfd and were somewhat lower in December owing to both scheduled and cold weather-related shutdowns giving an average for the quarter of 5.5 mmscfd. The cold weather related issues have now been overcome.

Peak daily flow rates from the two wells remained at around 6.4 mmscfd throughout the period. Pressure on the existing two wells A4 and B2 has converged at about 33 barg which is close to the stable flowing well head pressure before these two wells were shut in in 2017.

Gas condensate (liquid) production averaged 120 bbl/day which is somewhat higher than expected whilst water production, entirely from A4 well, was lower than expected at an average of 20 bbl/day.

Second Compressor and Side Track

The second compressor is already on site together with its control computer and driver engine and is being tied into the main plant. It is expected that the second compressor will be in dynamic commissioning during the second half of January and therefore able to process a further 6.4 mmscfd of gas volumes raising the plant’s processing capacity to close to 12.8 mmscfd.

The present drilling operations on the final horizontal section of the SF-07 side track are scheduled to resume on 5th January and this well is expected to be in testing mode in the latter half of this month. If successful, the SF-07V well is expected to supply sufficient gas volumes to utilise most, if not all, of the additional process capacity.



Angus Energy Plc

George Lucan

Tel: +44 (0) 208 899 6380

Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

Weekly Newsletter

Sign up to receive exclusive stock market content in your inbox, once a week.

We don’t spam! Read our privacy policy for more info.