Angus Energy PLC Balcombe Update (6302T)
16 November 2019 - 1:44AM
UK Regulatory
TIDMANGS
RNS Number : 6302T
Angus Energy PLC
15 November 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.
15 November 2019
Angus Energy Plc
("Angus Energy" or the "Company")
Balcombe Community Engagement and Planning Application
Angus Energy plc (AIM: ANGS) is pleased to announce the
establishment of a Frequently Answered Questions (FAQ) section on
the Company website for Balcombe residents dealing with the
concerns of traffic management, noise, air and water pollution. The
FAQ section includes a full description of the proposed works
together with detailed answers to all matters of concern.
Furthermore, arising from discussions at our Balcombe Community
Liaison Group we have also set up a dedicated email address for the
use of Balcombe residents (balcombe@angusenergy.co.uk) both now and
during any prospective operations.
Many residents expressed concerns of the remote risk of
contamination of groundwater which we have endeavoured to address.
This has been echoed by the Environment Agency (EA) who have
requested that we provide an update to our original Hydrogeological
Risk Assessment (HRA) report to enable them to support our
application to West Sussex County Council (WSCC) for our planning
application for an extended well test (the "Planning Application").
We are pleased to be given the opportunity to provide additional
comfort to residents, WSCC and the EA and aim to submit this
revised HRA to WSCC before the end of November.
Angus does not anticipate any overall delay to the Planning
Application because, as previously advised, determination of the
Planning Application is not expected until January 2020. Full
environmental permitting is a precondition to Angus proceeding with
any works at Balcombe and we are scheduled to submit our Variation
of Permit application, which also details more specific measures on
site drainage and emissions management, to the EA over the
forthcoming weeks and, as in previous instances, concurrently with
the Planning Application.
Technical Sign off
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
Flagstaff PR/IR angus@flagstaffcomms.com
Tim Thompson Tel: +44 (0) 207
129 1474
Fergus Mellon
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 PEDL143 Licence (A24 Prospect).
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
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