Lindsay operations on track, says Angus
Angus Energy confirmed on Friday that operations at the Lidsey Oil Field remained on schedule, and the guidance issued on 8 September was unchanged.
The AIM-traded company said a 9 5/8" steel casing had now been set and cemented, and the company was preparing for the next phase of operations - drilling the 8 1/2" section which will pass through the Kimmeridge layer.
It said that would be followed by a 6" section to be drilled through the Great Oolite production reservoir.
Upon completion of that well, the drilling rig would be mobilised off-site and the field was expected to recommence production.
At the Brockham Oil Field, following Angus Energy's guidance on 11 May, the company said it had completed and submitted amendments to its FDP Addendum after consultation with the Oil & Gas Authority, to include provisions for on-site power generation.
Those provisions detailed a “safe and efficient” production process which would have the added benefit of allowing the company to repurpose surplus power to the National Grid, the board explained.
In addition, Angus Energy had now received approval for its planning application to regularise the upgraded surface infrastructure at Brockham.
As a result, it was preparing for final site preparation and subsequent production once the amended FDP Addendum is approved by the OGA.
Given the required amendments to the FDP Addendum, Angus said its previous guidance regarding bringing Brockham into production by the end of the summer was now delayed.
It would now work to commence production as soon as practical following OGA approval of the FDP Addendum, with the board saying it would update shareholders in due course.
“We are pleased with the progress of drilling Lidsey-X2 and look forward to start producing again from the Lidsey oil site in October,” said Angus Energy managing director Paul Vonk.
“We welcome these further enhancements to the Brockham site and its power generation as we continue to prepare for safe production for years to come.”