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HH-2/2z Drilling Commences ("Spud") at Horse Hill
HH-2/2z Drilling Commences ("Spud") at Horse Hill.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 0517O UK Oil & Gas PLC 30 September 2019 \n\nUK Oil & Gas PLC\n(\"UKOG\" or the \"Company\")\n \nHH-2/2z Drilling Commences (\"Spud\") at Horse Hill Oil Field\n \nUK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that drilling operations for its new Horse Hill-2/2z (\"HH-2/2z\") Portland well commenced (\"spudded\") on Sunday morning, 29 September. \n \nHH-2/2z, the first of two new horizontal wells in the field's Portland oil pool, is designed to be retained as a future production well, capable of delivering flow rates significantly higher than the previously reported 362 barrels of oil per day (\"bopd\") from the HH-1 vertical Portland discovery well. Following a planned extensive HH-2z production flow-testing campaign, both HH-2z Portland and the HH-1 Kimmeridge well are expected to be put into long term production by the end of 2019.\n \nUKOG holds a controlling 85.635% interest in the Horse Hill oil field and surrounding highly prospective PEDL137 and PEDL246 licences, which are operated by UKOG's subsidiary company, Horse Hill Developments Ltd.\n \nStephen Sanderson, UKOG's Chief Executive, commented:\n \n\"The spud of HH-2/2z is another UKOG landmark milestone and a key enabler towards establishing long term oil production at Horse Hill. We are confident that the meticulously planned HH-2/2z operation, the first of two planned horizontal wells in the Portland oil pool, leaves little to chance. We look forward to a safe and successful drilling campaign and to the realistic prospect of HH-2/2z delivering a significant increase in UKOG's net oil production and associated revenues before the end of 2019.\"\n \nForward Drilling Plans:\n \nThe HH-2 pilot, designed to acquire key geological data to ensure the horizontal is correctly positioned within the Portland reservoir, will drill ahead in 12¼\" diameter hole down to around 2,000 ft below surface and will then be cased back to surface. Drilling of 8½\" diameter hole and conventional coring over the full vertical extent of the Portland oil pool will then follow. \n \nUpon reaching a total depth of approximately 3,000 ft, HH-2 will be electric logged and then plugged back in preparation for the immediate start of HH-2z. The planned HH-2z trajectory, of total length of approxima...