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.


Angus Energy Plc

George Lucan

Tel: +44 (0) 208 899 6380

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