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Horse Hill-1 Flow Test Operations Commence
Horse Hill-1 Flow Test Operations Commence.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 2894O UK Oil & Gas Investments PLC 08 February 2016 \n\nUK Oil & Gas Investments PLC\n(\"UKOG\" or the \"Company\")\nHorse Hill-1 Oil Discovery, Weald Basin, UK\nFlow Test Operations Commence\n \nUK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) 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 discovery 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. UKOG owns a 20.163% interest in PEDL137. \nStephen Sanderson, UKOG's Executive Chairman commented: \n\"We look forward to safe and successful operations and to moving the project forward.\"\nUKOG's 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. UKOG owns a 30% direct interest in HHDL and a 1.02% interest in HHDL via its 6% interest in Angus Energy Limited. 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.\nQualified Person's Statement:\n \nStephen Sanderson, UKOG's Executive Chairman, who has over 35 years of relevant experience in the oil industry, has approved the information contained in this announcement. Mr Sanderson is a Fellow of the Geological Society of London and is an active member of the American Association of Petroleum Geologists.\n \nFor further information, please contact: \nUK Oil & Gas Investments PLC\nStephen Sanderson / Jason Berry &nb...