Angus Energy PLC Update on installation schedule at Saltfleetby (8253H)
April 08 2022 - 6:51AM
UK Regulatory
TIDMANGS
RNS Number : 8253H
Angus Energy PLC
08 April 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT
FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED IN ACCORDANCE WITH
THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR.
8 April 2022
Angus Energy Plc
("Angus Energy", "Angus" or the "Company")
Update on Installation Schedule at Saltfleetby
The Company updates on progress on its installation and
commissioning schedule. Additional noise abatement and other
modifications has occasioned some small delay in the arrival of the
compressor skid but with no impact on overall timeline. Remaining
civil engineering is limited to bunding works around select skids
and tanker offtake areas. Welding continues at pace, with some 500
butt-welds now completed.
Dry commissioning is expected to begin on 26 April with select
hydrotesting of key site pipework. This will be augmented with
electrical and control tests during early May. Wet commissioning is
expected to begin at or around 15 May and is expected to last
approximately two weeks. The Company continues to target First Gas
by 1 June allowing for one full month of unhedged production.
Skid/Unit Basc Fabrication Blasting, Painting Target Delivery
Status Assembly, Testing, Date
Certification etc
Metering Package 100% complete Completed Completed
----------------- -------------------- ----------------
Analysis Package 100% complete Completed Completed
----------------- -------------------- ----------------
Compressor Coolers 100% complete Completed Completed
----------------- -------------------- ----------------
Condensate Tanks 100% complete Completed Completed
----------------- -------------------- ----------------
Water Storage 100% complete Completed Completed
Tanks
----------------- -------------------- ----------------
Flare Package 100% complete Installed Completed
----------------- -------------------- ----------------
Fuel Gas Skid 100% complete Completed Completed
----------------- -------------------- ----------------
Flare Knock 100% complete Completed Completed
Out Skid
----------------- -------------------- ----------------
Electrical Room 100% complete Verification 12 April
----------------- -------------------- ----------------
Separator Vessel 100% complete Verification 12 April
----------------- -------------------- ----------------
Passive Dehydration 100% complete Re-assembly 20 April
----------------- -------------------- ----------------
1(st) compression 100% complete Re-assembly 21 April
----------------- -------------------- ----------------
Joule Thomson 100% complete Re-assembly 26 April
Skid
----------------- -------------------- ----------------
Export Filters/Diverters >90% complete Re-assembly 26 April
----------------- -------------------- ----------------
Gas Engine Generator 90% complete Exhaust manifold, 29 April
sound insulation
----------------- -------------------- ----------------
Condensate Stabilisation 100% complete Reassembly 5 May
Skid
----------------- -------------------- ----------------
END.
Enquiries:
Angus Energy Plc www.angusenergy.co.uk
George Lucan Tel: +44 (0) 208
899 6380
Beaumont Cornish www.beaumontcornish.com
(Nomad)
James Biddle/ Roland Tel: +44 (0) 207
Cornish 628 3396
WH Ireland Limited
(Broker)
Katy Mitchell/ Harry Tel: +44 (0) 113
Ansell 394 6600
Flagstaff PR/IR angus@flagstaffcomms.com
Tim Thompson Tel: +44 (0) 207
129 1474
Fergus Mellon
Aleph Commodities info@alephcommodities.com
Notes
About Angus Energy plc
Angus Energy plc is a UK AIM quoted independent onshore Energy
Transition company with a complementary portfolio of clean gas
development assets, onshore geothermal projects, and legacy oil
producing fields. Angus is focused on becoming a leading onshore UK
diversified clean energy and energy infrastructure company. Angus
Energy has a 51% interest in the Saltfleetby Gas Field (PEDL005),
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).
Important Notices
This announcement contains 'forward-looking statements'
concerning the Company that are subject to risks and uncertainties.
Generally, the words 'will', 'may', 'should', 'continue',
'believes', 'targets', 'plans', 'expects', 'aims', 'intends',
'anticipates' or similar expressions or negatives thereof identify
forward-looking statements. These forward-looking statements
involve risks and uncertainties that could cause actual results to
differ materially from those expressed in the forward-looking
statements. Many of these risks and uncertainties relate to factors
that are beyond the Company's ability to control or estimate
precisely. The Company cannot give any assurance that such
forward-looking statements will prove to have been correct. The
reader is cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
announcement. The Company does not undertake any obligation to
update or revise publicly any of the forward-looking statements set
out herein, whether as a result of new information, future events
or otherwise, except to the extent legally required.
Nothing contained herein shall be deemed to be a forecast,
projection or estimate of the future financial performance of the
Company.
This announcement is not intended to, and does not, constitute
or form part of any offer, invitation or solicitation of any offer
to purchase, otherwise acquire, subscribe for, sell or otherwise
dispose of any securities or the solicitation of any vote or
approval in any jurisdiction. Any offer (if made) will be made
solely by certain offer documentation which will contain the full
terms and conditions of any offer (if made), including details of
how such offer may be accepted. This announcement has been prepared
in accordance with English law and the Code, and information
disclosed may not be the same as that which would have been
prepared in accordance with laws outside of the United Kingdom. The
release, distribution or publication of this announcement in
jurisdictions outside of the United Kingdom may be restricted by
laws of the relevant jurisdictions, and therefore persons into
whose possession this announcement comes should inform themselves
about, and observe, any such restrictions. Any failure to comply
with the restrictions may constitute a violation of the securities
law of any such jurisdiction.
Beaumont Cornish Limited, which is authorised and regulated in
the United Kingdom by the FCA, is acting as Nominated Adviser and
Financial Adviser to Angus and for no one else in connection with
any matter referred to in this announcement and will not be
responsible to anyone other than Angus for providing the
protections afforded to its clients nor for providing advice in
relation to any matters set out in this Announcement
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END
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