Hykeham Flow Test
The Directors of Europa Oil & Gas (Holdings) plc are pleased to provide an
update on operations at the Hykeham-1 well.
A 3.7m interval of Basal Sandstone was perforated and the well shut-in at
surface. Wellhead pressure built to 220psig and the well has been opened up
briefly to clean up the perforations. The well produced gas which indicates
that the oil at reservoir conditions is close to bubble point and that the gas
is liberated at the pressure drop across the formation. The well has now been
shut-in for build-up prior to opening up for further flow.
Experience with Whisby-4 has shown that sustained oil production will be
achieved with the initial use of nitrogen lift, which is currently being
procured. In the meantime, installation of storage tanks and other site
facilities for the extended well test will be completed.
Further updates will be announced in due course.
For further information, please contact:
Paul Barrett Europa Oil & Gas +44 1235 553 266
Jonathan Wright Seymour Pierce +44 20 7107 8050
The technical opinions expressed in this announcement have been reviewed and
approved by Dr. Erika Syba, Operations Director, AAPG member with over 25 years
oil and gas experience.