Angus Energy PLC (LON:ANGS) Saltfleetby Gas Field: Update

George Lucan, interim Managing Director, adds: “By submitting this application we set in motion a professionally and technically demanding process to re-establish a safe connection and commercial flow of gas from the Saltfleetby Gas Field into the National Transmission System.

We will carefully update shareholders with the timetable and milestones in this process as they become known to us.”

Saltfleetby: Submission of Application for Reconnection

Angus Energy (AIM: ANGS) is pleased to announce that it has submitted to the National Grid a ‘Connection Application’ for direct entry to the National Transmission System (“NTS”) from the Company’s Saltfleetby Gas Field. The application commits Angus to spend £75,000 and is a significant milestone in the Company’s goal to re-commence commercial gas production from the field.

A detailed feasibility study will now begin to identify the most suitable tie-in location to the existing NTS connection point at the Theddlethorpe terminal. Furthermore, this study will include detailing equipment requirements for gas processing and assessing pipeline routes into the NTS.

Qualified Person’s Statement:

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.

 


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

Share Talk Investor Show - September 27th August 2019

Malcare WordPress Security