UK Oil & Gas said oil has continued to flow naturally to the surface at its Horse Hill-1 discovery in England.
The company said yesterday a 40-degree API sweet oil has flowed naturally to surface from an 80-foot zone within the Lower Kimmeridge limestone interval at a depth of 900 metres below ground
level.
Flow had re-commenced yesterday with a steady oil rate in excess of 456 barrels of oil per day over a further 9.5 hour period.
Stephen Sanderson, UKOG’s Executive Chairman, said:”The well continues to produce high quality oil at good rates.
“Although further work is required to be done, we are now beginning to establish the commerciality of the project earlier than originally anticipated. The first two tankers full with 348
barrels of oil were sent to be refined at noon yesterday.”
UK Oil & Gas said phase two and three operations will move to the shallower Upper Kimmeridge limestone and Portland sandstone zones at approximately 840 and 615 metres below ground level, once the Lower Kimmeridge testing is completed.
The HH-1 discovery well, the original exploration drilling phase originally completed 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.