ANGUS ENERGY PLC

Regulatory Filings • Mar 21, 2019

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 5937T

Angus Energy PLC

21 March 2019

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) ("MAR"). THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

21 March 2019

Angus Energy Plc

("Angus Energy" or the "Company")

Operations Update

Rig Contract for Brockham

Angus Energy (AIM: ANGS) is pleased to announce that the Company has entered into a rig contract with P.W. Well Services Limited to complete the forthcoming work over operations at Brockham.  Rig mobilization is anticipated for mid-April and operating day rates are fixed for this intervention.  The rig crew are all experienced onshore personnel meeting the Company's strict competency requirements.

George Lucan, interim Managing Director, writes:  "We are pleased to have identified and secured this rig and crew on such competitive terms and look forward to getting on with the exciting and important work ahead of us at Brockham."

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.

END.

Enquiries:

Angus Energy Plc	www.angusenergy.co.uk
George Lucan	Tel: +44 (0) 208 899 6380
Beaumont Cornish (Nomad)	www.beaumontcornish.com
James Biddle/ Roland Cornish	Tel: +44 (0) 207 628 3396
WH Ireland Limited (Broker)
Katy Mitchell/ Harry Ansell	Tel: +44 (0) 113 394 6600
Yellow Jersey	angus@yellowjerseypr.com
Tim Thompson	Tel: +44 (0) 203 004 9512
Henry Wilkinson

Notes

About Angus Energy plc. Angus Energy plc. is a UK AIM quoted independent onshore oil and gas production and development company focused on leveraging its expertise to advance its portfolio of UK assets as well as acquire, manage and monetise select projects. Angus Energy majority owns and operates conventional oil production fields at Brockham (PL 235) and Lidsey (PL 241) and has a 25% interest in the Balcombe Licence (PEDL244) and a 12.5% interest in the Holmwood licence (PEDL143).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

UPDJBMMTMBITBRL