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Preliminary results of the Wressle-1 well
Preliminary results of the Wressle-1 well.
About this update from Union Jack Oil Plc
[{"type":"text","content":"\n \nRNS Number : 5633Q Union Jack Oil PLC 02 September 2014 \n \n\n \n \nUnion Jack Oil plc\n(AIM: UJO)\nPreliminary Results of the Wressle-1 Exploration Well\n \nUnion Jack Oil plc (\"Union Jack\" or \"the Company\"), an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector, notes that Egdon Resources plc (\"Egdon\") has released an RNS announcing preliminary results in respect of the recently drilled Wressle-1 conventional exploration well. Union Jack holds an 8.33 per cent interest in this well.\n \nEgdon's RNS contained the following information.\n \n\"Egdon Resources plc (AIM:EDR) is pleased to announce the preliminary results of the Wressle-1 conventional exploration well located to the East of Scunthorpe. \nThe Wressle-1 well was spudded on 18 July 2014 and on 23 August 2014 reached a total depth (TD) of 2240 metres measured depth (MD) (1814 metres true vertical depth below OS datum (TVDSS)). Elevated mud gas readings were observed over large parts of the interval from the top of the Penistone Flags reservoir target (1831.5 metres MD) to TD. \nThe well was logged using measurement whilst drilling (MWD) logging tools run on the drill string. Preliminary petrophysical evaluation of the log data has indicated the presence of potential hydrocarbon pay in three main intervals;\n· Penistone Flags - up to 19.8 metres measured thickness (15.9 metres vertical thickness) \n· Wingfield Flags - up to 5.64 metres measured thickness (5.1 metres vertical thickness) \n· Ashover Grit - up to 6.1 metres measured thickness (5.8 metres vertical thickness) \nThe well is currently being completed with a 4 ½\" liner to enable selective and sequential testing of these intervals as part of an extended well test, for which planning consent has already been received. These test operations, which will be designed to determine the flow rates, hydrocarbon type and hence commerciality of the Wressle-1 well, will be undertaken using a work-over rig and are expected to commence during October 2014. \nFurther updates will be given as these operations progress.\"\n \nThe interests in th...