Saltfleetby sidetrack drilling extended

Angus Energy has said the drilling of a sidetrack at its Saltfleetby gas site has been extended by about 14 days.

Timeline of Angus Energy Saltfleetby drilling. Source: Angus Energy

The company had reported earlier this month that well testing would be underway in the second half of January.

The company said testing was now due to start on 10 February 2023.

The extra time was needed because of “drilling issues in the Westphalian reservoir”, the company said in a statement.

Shares fell in the half hour after the news, from 1.58p to a low of 1.37p. They have since dropped further, to 1.29p.

Angus said it was preparing to mill a new window in the 7” casing, 100m above the present cased depth of about 2,400m, and to drill directly to a target depth in the 6” hole.

Work was expected to begin on 25 January and drilling in the open hole would resume before the end of the week.

  • Angus Energy has also announced that Richard Herbert had been appointed a non-executive director. The company said he is expected to replace Patrick Clanwilliam as non-executive chairman at the forthcoming annual general meeting. Richard Herbert was chief operating officer for BP, retiring in 2016. He also worked for TNK-BP in Russia, Talisman Energy in Canada and Frontera Energy Corporation in South America.

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