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Update on Flow Test
Horse Hill-1 Oil Discovery,
Significant Oil Flows to Surface from Lower Kimmeridge Limestone
Flow commenced at around
The Lower Kimmeridge flow period is planned to continue today at 0700 following an overnight shut-in from 1900 Monday. Upon completion, Phase 2 and Phase 3 operations will move to the shallower Upper Kimmeridge limestone and Portland sandstone zones at approximately 840 and 615 metres below ground level, respectively.
The HH-1 discovery well, the original exploration drilling phase originally completed at the end of 2014, is located within onshore exploration Licence PEDL137, on the northern side of the
"These early results are very encouraging and have more than vindicated the board's decision to participate in the project. We look forward to further progress as further developments proceed."
Interest in Horse Hill
The HH-1 well is located within onshore exploration Licence PEDL137, on the northern side of the
Qualified Person's Statement:
For further information, please contact:
Hamish Harris
Nominated Adviser and Broker:
Cairn Financial Advisers LLP +44 (0) 20 7148 7900
James Caithie / Liam Murray
Glossary
choke
Device incorporating a fixed or variable orifice that is used to control fluid flow rate during testing of an exploratory discovery
degree API
A measure of the density of crude oil as defined by the
discovery
a discovery is a petroleum accumulation for which one or several exploratory wells have established through testing, sampling and/or logging the existence of a significant quantity of potentially moveable hydrocarbons
extended flow test
a flow test, as per the permission granted by the
flow test
a flow test or well test involves testing a well by flowing hydrocarbons to surface, typically through a test separator. Key measured parameters are oil and gas flow rates, downhole pressure and surface pressure. The overall objective is to identify the well's capacity to produce hydrocarbons at a commercial flow rate
limestone
a sedimentary rock predominantly composed of calcite (a crystalline mineral form of calcium carbonate) of organic, chemical or detrital origin. Minor amounts of dolomite, chert and clay are common in limestones. Chalk is a form of fine-grained limestone
sandstone
a clastic sedimentary rock whose grains are predominantly sand-sized. The term is commonly used to imply consolidated sand or a rock made of predominantly quartz sand.
sweet oil or crude
A type of oil that contains less than 0.42% Sulphur
This information is provided by RNS