Angus CEO George Lucan says sidetrack well fully funded, 12 million cubic feet the February target

We were delighted to host Angus Energy CEO George Lucan and three other CEO’s at our well-attended October Natural Resources webinar on Tuesday 4.10.22.

George Lucan gave his first detailed investor presentation post First Gas and took questions from investors.

* George explained that flow rates are due to be ramped up to 6 million cubic feet per day (or scuffs) in October.

* A second compressor will be installed in December, which hopefully takes flow rate capacity up to 12M cubic feet in January.

*And a potentially massive sidetrack well is due to spud in October, doubling the amount of gas.

*George said this is fully funded barring technical overruns

* And even if the sidetrack were to not work at all, the current 2 wells can recover all the recoverable gas at 7M cubic feet per day, it will just take longer.


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