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Horse Hill Flow Test Operations Commence
Horse Hill Flow Test Operations Commence.
About this update from Gunsynd Plc
[{"type":"text","content":"\n \nRNS Number : 3028O Evocutis PLC 08 February 2016 \n\n \nEvocutis plc\n \n(\"Evocutis\" or the \"Company\")\n \nHorse Hill-1 Oil Discovery, Weald Basin, UK\nFlow Test Operations Commence\n \nEvocutis (AIM: EVO, ISDX: EVO) announces that it has been informed by Horse Hill Developments Limited (\"HHDL\") that operations have now commenced at the Horse Hill site to conduct the extended flow test over three separate zones in the Horse Hill-1 (\"HH-1\") oil discovery well. \nAs previously reported, the extended flow test is designed to test both the oil bearing Upper Portland sandstone and two Kimmeridge limestones beneath the Portland.\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 \n\n\na flow test, as per the pe...