Angus completes remedial engine work at Saltfleetby

6th Jul 2023 15:38

(Sharecast News) - Angus Energy updated the market on the remedial engine maintenance taking place at Saltfleetby on Thursday.

The AIM-traded firm had announced on 3 July that, following a planned maintenance shutdown of the Saltfleetby Field facilities from 19 to 21 June, problems were identified with the performance of the second compressor engine.

As a result, the field had been operating with a single compressor at an average daily rate of six million standard cubic feet per day of gas.

"The remedial work on the compressor engine was successfully completed in the afternoon of 5 July and the field has returned to dual compressor operation with all three wells on stream," the board said on Thursday.

At 1554 BST, shares in Angus Energy were down 2.62% at 0.95p.

Reporting by Josh White for Sharecast.com.