Business
Horse Hill-1 Final Flow Test Consent
Horse Hill-1 Final Flow Test Consent.
About this update from Gunsynd Plc
[{"type":"text","content":"\n \nRNS Number : 6165K Evocutis PLC 04 January 2016 \n\n \nEvocutis plc\n \n(\"Evocutis\" or the \"Company\")\n \nHorse Hill-1 Oil Discovery, Weald Basin, UK\nFinal Flow Test Consent from the UK Oil and Gas Authority\n \nEvocutis (AIM: EVO, ISDX: EVO) announces that it has been informed by Horse Hill Developments Limited (\"HHDL\") that the UK Oil and Gas Authority (\"OGA\") has granted consent for an extended flow test over three separate zones in the Horse Hill-1 (\"HH-1\") oil discovery well. All necessary permissions to test the well are now in place.\nThe HH-1 well, drilled at the end of 2014, is located within onshore exploration Licence PEDL137, on the northern side of the Weald Basin near Gatwick Airport, in which Evocutis owns a 1.3% interest. \nInterest in Horse Hill\nThe HH-1 well is located within onshore exploration Licence PEDL137, on the northern side of the Weald Basin near Gatwick Airport. Evocutis owns a 2% direct interest in HHDL. HHDL is a special purpose company that owns a 65% participating interest and operatorship of Licence PEDL137 and the adjacent Licence PEDL246 in the UK Weald Basin.\n \nFor further information please contact:\n \nEvocutis plc: +44 (0) 20 7440 0640\nHamish Harris\n \nNominated Adviser and Broker:\nCairn Financial Advisers LLP +44 (0) 20 7148 7900\nJames Caithie / Liam Murray\n \nGlossary\n \n\n\n\n\ndiscovery\n\n\na 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\n\n\n\n\nextended flow test permit\n\n\nOGA approval to flow test a well with an aggregate flow period over all zones of up to 90 days. Normal flo...