Angus Energy plc (AIM: ANGS) is pleased to announce that it has recommenced oil production and water reinjection at its Brockham oil field (PL 235) in the Portland reservoir, in which Angus has a 80% interest.
Current average rates of production from the BRX2-Y well are 50 barrels of oil per day with an approximately equal amount of formation water produced and reinjected daily into BRX3. Presently the site now has over 400 barrels stored for sale. Some further minor additions to site equipment are planned to optimise production over the coming weeks.
Plans for a reperforation of the BRX4-Z well in the Portland reservoir, which would also involve abandonment of the Kimmeridge layer in that well, for which planning permission was recently obtained, are being discussed with our other regulators.
Technical Sign off
Andrew Hollis, the Technical Director of the Company, who has over 40 years of relevant experience in the oil and gas industry, has approved the information contained in this announcement. Mr Hollis is a Fellow of the Geological Society and member of the Society of Petroleum Engineers.
END.
Enquiries:
Angus Energy Plc
George Lucan
Tel: +44 (0) 208 899 6380
