A24 Prospect

Key Facts:

Licence PEDL143
Licence Area 91.8km2
Location Northern Weald Basin outside of AONB
Operator UK Oil & Gas plc
Angus Interest 12.5%
Partners UK Oil & Gas plc (67.5%), Egdon Resources (18.4%), Angus Energy (12.5%), Atwood Petroleum (1.6%)
Wells Exploration well to be drilled H2 2018

Angus Energy holds a 12.5% interest in PEDL 143, which contains the undrilled Holmwood prospect. The licence is operated by UK Oil & Gas plc and lies immediately to the south-west of the Brockham oil field just south of Dorking, Surrey. The Operator is currently evaluating a number of sites outside of the nearby Area of Outstanding Natural Beauty in advance of developing a drilling programme which will target the Portland Sandstone and the Kimmeridge Clay formation.

The conventional Portland Sandstone reservoir has been proven to be productive at the adjacent Brockham oil field, and at the nearby Horse Hill oil discovery. The well will also target the Kimmeridge Micrites which produced record onshore flow rates at the Horse Hill 1 well in PEDL 137, some 8km to the east. All operations addressing the A24 prospect will be performed through conventional production. There will be no hydraulic fracturing or “fracking”.

All operations at Holmwood will be performed through conventional production. There will be no hydraulic fracturing or “fracking”.