Flow testing begins at Horse Hill, UKOG reports
UK Oil & Gas
0.03p
14:09 15/11/24
UK Oil & Gas Investments announced on Wednesday that it has been informed by Horse Hill Developments, the operator of the Horse Hill-1, Kimmeridge Limestone 3, Kimmeridge Limestone 4 and Portland oil discovery, that planned flow testing operations of HH-1 had commenced.
FTSE AIM All-Share
728.67
15:45 15/11/24
Technology Hardware & Equipment
1,920.18
16:30 25/09/24
The AIM-traded firm said all key equipment necessary to carry out a 150-day long-term extended flow test campaign at HH-1 was now on site.
UKOG holds a 32.435% beneficial interest in licence PEDL137, containing the HH-1 oil discovery.
Following final equipment set-up and the subsequent removal of three temporary suspension plugs in the wellbore, flow would first be re-established from the Portland sandstone oil pool, the company’s board explained.
Testing of each of the KL4 and KL3 oil pools would follow completion of the Portland test sequence.
“UKOG remains confident that the comprehensive long-term production testing campaign will provide the necessary data to fully assess Horse Hill's Portland and Kimmeridge commerciality and help move the project towards timely production and positive cash flow,” said executive chairman Stephen Sanderson.
“Horse Hill remains a fundamental and exciting part of the company's core portfolio and we look forward to a safe and positive test campaign.”