Angus Energy PLC (AIM:ANGS) Saltfleetby Sidetrack Well Test Results

Angus Energy (AIM: ANGS) Angus is pleased to announce the completion of the initial clean up of the new B7T well at Saltfleetby.

This well is producing from an approximately 185 m horizontal section in the main Westphalian reservoir at a vertical depth of 2292m.

The well first produced on the 31st March and the Company has since been cleaning up drilling fluids via a temporary production system to a flare. This work has now concluded. The initial clean up ended with a multi-rate flow test last week.

Based on the results we have concluded that at present, the well is capable of 4-5 mmscfd at a FWHP of 30 barg flowing into the system with the two other wells. We are expecting the well to clean up further which is likely to raise that flow rate in the future. Whilst producing through a temporary connection, the new well flowline will be constructed to enable full plateau production this summer.

Enquiries:

Angus Energy Plc

www.angusenergy.co.uk

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 www.share-talk.com 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.