Angus Energy PLC OGA approval regarding PEDL143 interest (4717Z)
15 March 2017 - 4:01AM
UK Regulatory
TIDMANGS TIDMANGB
RNS Number : 4717Z
Angus Energy PLC
14 March 2017
14 March 2017
Angus Energy plc
("Angus Energy", "Angus" or the "Company")
OGA Approval of Acquisition of Interest in PEDL143 incorporating
the Holmwood Prospect
Angus Energy announces that it has now received final regulatory
consent from the Oil and Gas Authority ("OGA") to acquire a 12.5%
interest in UK onshore Weald Basin licence PEDL143, via the farm-in
arrangement with Europa Oil & Gas plc ("Europa") as announced
on 6 February 2017.
As previously reported, the Company will participate in the
drilling of the planned Holmwood-1 exploration well, which will
test the Holmwood Prospect's identified Portlandian and Corallian
sandstone reservoirs and the same Jurassic section that tested oil
from Kimmeridge limestones at Horse Hill and which the Company is
planning to place into production at its 65% owned and operated
Brockham oil field.
END.
Enquiries:
Angus Energy Plc
----------------------------- --------------------------
Jonathan Tidswell-Pretorius Tel: +44 (0) 208 899 6380
/ Paul Vonk
----------------------------- --------------------------
Beaumont Cornish (NOMAD)
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James Biddle/ Roland Cornish Tel: +44 (0) 207 628 3396
----------------------------- --------------------------
www.beaumontcornish.com
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Optiva Securities Limited
(BROKER)
----------------------------- --------------------------
Jeremy King/ Ed McDermott Tel: +44 (0) 203 137 1902
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About Angus Energy plc.
Angus Energy plc. is an AIM quoted independent onshore oil and
gas 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 owns and operates
conventional oil production fields in Brockham (PL 235) and Lidsey
(PL 241).
This information is provided by RNS
The company news service from the London Stock Exchange
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