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Further Update on Horse Hill-1 Flow Test
Portland Zone Flows Oil at a Sustained Rate of 168 Barrels Per Day
The Horse Hill-1 ("HH-1") well has now produced at a combined average stable rate of over 1,528 bopd from the two Kimmeridge and Upper Portland zones.
Horse Hill-1 Discovery Well and Licence
The exploration drilling phase of the HH-1 discovery well was originally completed at the end of 2014. The well is located within onshore exploration Licence PEDL137, on the northern side of the
"These results provide additional validation to the board's decision to invest in this project and we remain very positive pending further news"
Interest in Horse Hill
Qualified Person's Statement:
For further information please contact:
Hamish Harris
Nominated Adviser and Broker: +44 (0) 20 7148 7900
Cairn Financial Advisers LLP
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