Angus Energy has given more details about problems at its Lidsey oil site near Bognor Regis in West Sussex. It also likened one of Lidsey’s source rocks to the Bakken oil field in North Dakota.
Angus Energy has announced initial flow rates of 40 barrels of oil per day at its horizontal production well at Lidsey in West Sussex. Five months ago, Angus predicted a sustained 400 barrels a day at Lidsey (interview with IG Analysis).
Angus Energy announced this morning it had completed drilling its oil production well at Lidsey, near Bognor Regis, in West Sussex.
Details of a new oil well in West Sussex emerged today when Angus Energy announced it had received final planning consent at its Lidsey site near Bognor Regis.
DRILL OR DROP? 