.

Latest News

Our news section highlights the latest industry news, press coverage and publications.

FDP Addendum submitted to start production from Brockham X4Z Kimmeridge layers

Angus Energy is pleased to announce that following consultation with the UK's Oil & Gas Authority (OGA) it has submitted the required Field Development Plan (FDP) Addendum to commence production from the Kimmeridge layers at its Brockham Oil Field, Production License 235. In addition to the standard HSE consent for any well operations, the FDP Addendum approval from the OGA is the sole regulatory approval required to produce hydrocarbons from the Kimmeridge layers in addition to the existing Portland production. The Company will update investors once the OGA approve the FDP Addendum.

Angus Energy plc (the "Group") is pleased to announce their intention to bring the Kimmeridge into production at its existing Brockham production facility as soon as the necessary OGA approval is in place.

The Brockham X4Z well, drilled to a total depth of 1,391m, was planned to evaluate the Portland, Corallian and Kimmeridge formations at Brockham including an evaluation of the Kimmeridge reservoir that had been demonstrated by the Horse Hill discovery 8 km to the South. 

The operator of the  well at Horse Hill has announced cumulative…

Optiva Securities raises £2m for Angus Energy plc

Angus Energy plc ("Angus" or the "Company"), an independent onshore oil and gas development company, is pleased to announce it has raised £2,000,000 by way of private placing (the "Placing") and reached agreement with Europa Oil & Gas Limited ("Europa" or the "Operator") to acquire a 12.5% economic interest by way of a farm-in arrangement in PEDL143 located within the Weald Basin, in southern England and containing the drill-ready Holmwood Prospect (the "Acquisition").

Brockham oil field - Work completed and hydrocarbons encountered in all targeted zones

Angus Energy plc (the "Group") is pleased to confirm that, further to the 18 January 2017 announcement, work to complete, log, case and cement the well at the Brockham oilfiled has now been successfully completed and potential reservoirs have been logged in the Portland, Kimmeridge and Corallian layers with all three formations having hydrocarbon shows.

Shares in Angus Energy Plc (LON:ANGS) were up as much as 7% in morning trade as investors bought into the stock ahead of results from a company-defining drill programme.

On Thursday Angus confirmed it had begun work on a well at Brockham, in Surrey. It is a re-entry and sidetrack to a hole drilled by BP (LON:BP.) in 1987 that will first go into the Portland sandstone, host to a known oil play that is already generating 35 barrels a day.

Doriemus PLC and Angus (Operator of Brockham): UK onshore Brockham Oil Field Update

UK onshore Brockham Oil Field Update – Rig has mobilised and work has commenced.

Open an Account

If you are interested in opening an account with Optiva Securities, please fill in the details on the apply button.


APPLY NOW