Angus Energy (GB:ANGS) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Angus Energy has successfully recommenced production at the Brockham Oil Field with the Brockham 2Y well now back online, initially producing around 120 barrels of fluid per day, 40% of which is oil. The company’s CEO, Richard Herbert, expressed satisfaction with the workover’s safe and on-budget completion, and anticipates a sustainable output of 30-40 barrels of oil per day, with potential for further improvement. Angus Energy, focusing on both organic and inorganic growth, has an 80% interest in Brockham and will provide future updates on its production and development.
For further insights into GB:ANGS stock, check out TipRanks’ Stock Analysis page.