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Update on Wressle-1 Well, onshore UK
Update on Wressle-1 Well, onshore UK.
About this update from Europa Oil & Gas (holdings) Plc
[{"type":"text","content":"\n \n Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas \n\n20 October 2014\n\n Europa Oil & Gas (Holdings) plc (`Europa' or `the Company') \n\n Update on Wressle-1 Well, onshore UK \n\nEuropa Oil & Gas (Holdings) plc, the AIM quoted oil and gas exploration and\ndevelopment company with a combination of producing and exploration assets in\nEurope, is pleased to note the announcement of Egdon Resources today confirming\nthat detailed petrophysical and reservoir engineering evaluation on the\nWressle-1 exploration well on the PEDL 180 licence in East Lincolnshire has\nconfirmed the presence of potential hydrocarbon bearing zones in three separate\nreservoir intervals. Production testing of these intervals using a workover rig\nis due to start in November 2014. Europa has a 33.3% working interest in PEDL\n180, alongside its partners Egdon Resources (operator, 25%), Celtique Energie\nPetroleum Ltd (33.3%), Union Jack Oil (8.3%).\n\nWressle is a conventional hydrocarbon prospect located in the East Midlands\nPetroleum Province, 5 km southeast of and along the same structural trend as\nthe Europa operated, Crosby Warren field which has been producing oil for\nalmost 28 years.\n\nThe Company is also pleased to confirm that preparations for the Europa\noperated Kiln Lane conventional exploration well on the PEDL 181 licence are\nproceeding according to plan and that operations are anticipated to commence on\nsite before year end, subject to the relevant planning permissions and EA\nmining waste permit being granted in a timely manner. Europa estimates the Kiln\nLane prospect holds gross mean prospective of 2.9 mmbo and a discovery on this\nlarge previously undrilled licence would open up a new conventional oil and gas\nplay and significantly de-risk additional leads identified on the licence.\nEuropa holds a 50% interest and is operator of PEDL 181 which covers 540 sq km\nin East Lincolnshire, a known oil producing region.\n\nEuropa's CEO, Hugh Mackay said, \"Having identified over 30 metres of potential\nhydrocarbon pay in three main intervals we look forward to the commencement of\ntesting operations on the Wressle 1 well in the next few weeks and to determine\nif we have made a commercial discovery. Testing Wressle will be closely\nfollowed by drilling the 2.9mmbo conventional Kiln Lane pros...