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Colter Appraisal Well Update
Colter Appraisal Well Update.
About this update from United Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 1193H United Oil & Gas PLC 13 November 2018 \n\nUnited Oil & Gas PLC / Index: LSE / Epic: UOG / Sector: Oil & Gas \n13 November 2018\nUnited Oil & Gas PLC (\"United\" or the \"Company\") \nColter Appraisal Well Update\n \nUnited Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, is pleased to provide an update on the Colter appraisal well ('the Well') on P1918 in the Wessex Basin. United holds a 10% interest in the Well, which is operated by Corallian Energy.\n \nThe Department for Business, Energy and Industrial Strategy, Offshore Petroleum Regulator for Environment and Decommissioning ('OPRED') has completed its review of the Environmental Statement ('ES'), the representations received from consultees and additional information provided for the Colter well. Based on this review, OPRED has advised the Oil and Gas Authority ('OGA') of its in-principle agreement to the issue of the relevant consent for the Well. \n \nSubject to these relevant further approvals being received, Corallian Energy intends to drill the Colter well as soon as operations are completed at its Wick prospect. Operations at Wick are due to commence in December 2018. As previously reported, the Ensco-72 jack-up drilling unit has been contracted to drill the Well and the rig site survey has been completed. \n \nColter will appraise a historic discovery that lies immediately to the south of Europe's largest onshore oil field at Wytch Farm. The discovery was made in 1986 by well 98/11-3, which encountered a 10.5m oil column in the Sherwood Sandstone reservoir, the same play that has proven to be so productive at Wytch Farm where over 450mmbbls have been produced to date. The new well will be drilled updip of 98/11-3 targeting significant potential that has been identified following reprocessing of 3D seismic data. The gross unrisked mid-case oil contingent resources in the section proven up by the 98/11-3 well have been estimated at 4mmbbls, with gross unrisked mean-case prospective resources estimated at 15mmbbls in the rest of the structure. \n \nUnited Oil & Gas PLC CEO, Brian Larkin, said: \"With OPRED advising the OGA of its in-principle agreement to the issue of the rel...