Angus Energy (GB:ANGS) has released an update.
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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.
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