Paul Vonk, Managing Director at Angus Energy (LON:ANGS) Interview

 

Paul Vonk, Managing Director at Angus Energy PLC discusses the latest developments at the Balcombe Field Well Test Result with @ZaksTradersCafe 

 

 

Angus Energy announced the  Completion of the 7-Day Well Test at Balcombe, produced allowed a natural flow at 853 bopd equivalent, not including 22.5% water. A second flow period was undertaken with the well flowing naturally at 1,587 bopd equivalent, not including 6.6% water.

The Balcombe-2z well produces from a single Micrite Layer, just one of the Kimmeridge Micrite Layers. During the initial flow period, the well slugged at up to 3,000 barrels per day which had to be reduced as it exceeded separator operating capacity. Duration of the test runs was limited.

Paul Vonk, Managing Director of Angus Energy stated:

“We are obviously pleased with the results of the Balcombe-2z flow test and encouraged as we take our next steps towards producing from the Kimmeridge layers in the near future at the Brockham Field. This programme was successful because our team at Angus and our service providers maintained the highest standards, the most important of all being safe operations.”

The Balcombe Field Discovery is a joint venture between Cuadrilla Balcombe Limited, Lucas Bolney Limited and Angus Energy. Angus Energy assumed Operatorship of the Balcombe licence on behalf of the partnership in July of 2018.

 

Read: Paul Vonk, Managing Director, Angus Energy (AIM: ANGS) Interview – Part Two
Read: Paul Vonk, Managing Director, Angus Energy (AIM: ANGS) Interview – Part One

 

 

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