Angus Energy Announces Saltfleetby Drilling Programme Update

Source: www.gulfoilandgas.com 1/24/2023, Location: Europe

Angus Energy (ANGS) announces that the drilling programme at Saltfleetby is likely to be extended by approximately 14 days as a consequence of drilling issues in the Westphalian reservoir and following which the testing phase will commence.

The Company is preparing to mill a new window in the 7" casing, some 100 metres above the present cased depth of approximately 2400 metres, and to drill directly to target depth in 6" hole. Operations to mill the window are expected to commence tomorrow and drilling in open hole will resume before the end of the week.

An infographic of the programme change will be posted on the Company's website and social media pages over the next two days.

Qualified Person's Statement: Andrew Hollis, the Technical Director of the Company, who has over 40 years of relevant experience in the oil and gas industry, has approved the information contained in this announcement. Mr Hollis is a Fellow of the Geological Society and member of the Society of Petroleum Engineers.


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