TIDMANGS

RNS Number : 5739J

Angus Energy PLC

27 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.

27 April 2022

Angus Energy Plc

("Angus Energy", "Angus" or the "Company")

Update on Brockham Oil Field

The Company is pleased to announce that the Planning Committee of Surrey County Council today passed a resolution to approve the Company's plan to abandon the Kimmeridge layer and reperforate the Portland layer in well BRX4-Z subject only to a unilateral undertaking to secure a routing agreement on HGV movements.

Angus' existing Environment Agency permit requires minor variation to allow production from the Portland as opposed to the Kimmeridge in this well and the Company is in discussion with officers of the Agency in this regard. Following such variation the Company would proceed to reperforate at the earliest opportunity.

We expect to update the market on existing production from BRX2-Y now supported by water injection in the coming fortnight.

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).

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END

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(END) Dow Jones Newswires

April 27, 2022 09:16 ET (13:16 GMT)

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