Angus Energy PLC (ANGS) Revised Spud Date and Process Capacity Milestone

Angus Energy Plc (AIM: ANGS), is pleased to announce that, following a scheduled maintenance shutdown last week, hourly throughput rates through the process plant (i.e. sales gas)

Now exceeds our October target production rate of 6 million standard cubic feet per day with well pressures holding in the high forties.  Condensate production has stabilised at or around 120 barrels per day.  As previously advised, we will report monthly gas sales figures at the end of each quarter.

Side-track planning progresses apace with a slight adjustment to spud date from 20 October 2022, as previously advised, to 24-26 October 2022 in order to accommodate a potential supply chain issue.



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.