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Amended- Operational, Technical & Corporate Update
Amended- Operational, Technical & Corporate Update.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 3872A UK Oil & Gas Investments PLC 27 December 2017 \n\nUK Oil & Gas Investments PLC\n (\"UKOG\" or the \"Company\") \n \nAmended - Operational and Technical Update \nBroadford Bridge-1 & 1z Oil Discovery, Weald Basin, UK\n \n \nThe following amendment has been made to the 'Operational, Technical and Corporate Update' announcement released on 27/12/2017 at 07:00 under RNS No 2771A.\n \nThe paragraph, \"Operational update\", second sentence should have referred to test 4, not KL4 and this amended paragraph is written below:\n \nTest 4, over the basal 50 ft section of KL3, was successfully completed following several mechanical and test completion problems. Following nitrogen lifting, the well flowed naturally at an instantaneous rate of approximately 300 bfpd declining to a steady inflow of between 30-50 bfpd over several days. Fluids returned over the duration of test 4 consisted primarily of completion fluids together with traces of live oil, accompanied by a gas blow during pressure build up periods. In the Company's view, this horizon, whilst containing moveable hydrocarbons, appears to be unproductive due to low reservoir permeability.\n \nAll other details remain unchanged.\n \nThe full amended text is shown below.\n \n \nAmended - Operational and Technical Update \nBroadford Bridge-1 & 1z Oil Discovery, Weald Basin, UK\n \nHighlights\n \n· Testing of upper Kimmeridge Limestone 3 (\"KL3\"), KL4 and KL5 primary targets to recommence after scheduled Christmas/New Year shutdown. \n· Basal KL3 test successfully re-run following mechanical problems. Initial natural flow of approximately 300 barrels of returned completion fluids per day (\"bfpd\") decreasing to a continuous rate of 30-50 bfpd during well clean-up. Gas blow and live oil traces recovered to surface. Low reservoir productivity indicates zone likely not economically viable. \n· Further KL4 and KL5 naturally fractured reservoir and potential oil pay identified from electric logs and core. Additional 80 ft of perforations in KL4 and KL5 to be shot prior to January testing resumption. \n· ...