Flow tests commencing at Horse Hill, says UKOG

UK Oil & Gas Investments (UKOG) revealed on Monday that operations were finally starting at the Horse Hill site, with the extended flow test being conducted over three separate zones within the HH-1 discovery well by Horse Hill Developments Limited (HHDL).

The AIM-traded energy form owns a 30% interest in Horse Hill Developments Ltd, and a 1.02% interest in HHDL via its 6% holding in Angus Energy Limited. UKOG described HHDL as a special purpose company that owns a 65% interest and operatorship of licences PEDL137 and PEDL246 in the UK Weald Basin.

It said the extended flow test was designed to test both the oil-bearing Upper Portland sandstone, and two Kimmeridge limestoned beneath the Portland.

"We look forward to safe and successful operations, and the project moving forward", said UKOG executive chairman Stephen Sanderson.

The HH-1 discovery well, which was drilled at the end of 2014, is located within exploration licence PEDL137 on the northern side of the Weald Basin near London Gatwick Airport.