UK Oil & Gas Investments plc announced Monday that the final production test at the Horse Hill-1 discovery, onshore the UK’s Weald Basin, flowed oil at a stable rate of 323 barrels per day, bringing the final total aggregate stable dry oil flow rate from two Kimmeridge limestones plus the overlying Portland sandstone at the well to 1,688 bopd. Over the 30-90 hour flow periods from each of the three tested zones, no clear indication of any reservoir pressure depletion was observed, according to UKOG. Further analysis of data is currently ongoing and UKOG has commissioned Nutech to investigate a possible upgrade to the oil in place calculated within all three test zones together with engineering studies to examine possible flow rates from a horizontal well. Reservoir engineering analyses by Nutech and Xodus are also underway, and will likely result in an estimation of potential recoverable volumes. Results of […]