Angus Energy (AIM: ANGS) announce that, as planned, the second compressor at Saltfleetby Field was successfully commissioned in dual compressor mode on 10th May and the 3 producing wells in the field, B2, A4 and the new B7T well, have been flowing gas to the National Grid at the combined average daily rate of 9.5 mmscfd since then.
This represents more than a 75% increase in production over that achieved in the first quarter of this year. As expected, the new B7T well is producing between 4-5 mmscfd through the temporary flowline with stable flow as it continues to clean-up.
Angus CEO, Richard Herbert, commented: “The achievement of our goal of putting 3 wells in production through the Saltfleetby facility is very satisfying and represents an important milestone for the Company as it positions for strong cash flow generation and growth in the future. I am very grateful to the Angus team for all their hard work to deliver this great progress.”
Enquiries:
Angus Energy Plc
George Lucan
Tel: +44 (0) 208 899 6380
