Business
Horse Hill Flow Test Operations Commence
Horse Hill Flow Test Operations Commence.
About this update from Primorus Investments Plc
[{"type":"text","content":"\n \nRNS Number : 3031O Stellar Resources PLC 08 February 2016 \n\n \nStellar Resources plc\n \n(\"Stellar Resources\" or the \"Company\")\n \nHorse Hill-1 Oil Discovery, Weald Basin, UK\nFlow Test Operations Commence\n \nStellar Resources (AIM: STG, ISDX: STG) announces that it has been notified 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 Stellar Resources owns a 6.5% interest.\nStellar Resources' interest 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. Stellar Resources owns a 10% 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 \nStellar Resources plc: +44 (0) 20 7440 0640\nAlastair Clayton\n \nNominated Adviser:\nCairn Financial Advisers LLP +44 (0) 20 7148 7900\nJames Caithie / Sandy Jamieson\n \nBroker:\nOptiva Securities Limited &...