RE: Perfect timing/opportunity!21 Aug 2018 14:32
[Last month, we were told:] X1 was the well being assessed at the Kimmeridge layer.
In order to conduct the assessment, production from the Great Oolite formation was temporarily isolated
and the Kimmeridge exposed to allow fluid samples to be collected. The Kimmeridge formation
immediately produced light oil, samples which were sent for third-party analysis. The Geochemical Analysis
was performed by the same organization that previously provided third-party geological evaluations of
Horse Hill and Brockham.
The multiple samples tested demonstrated a composite of oil from the Oxfordian and Kimmeridge layers
exhibiting a mixed range of source maturities. The lowest quality crude in the range possessed light, 38.5 -
degree API oil in the natural fracture system.
Angus Energy’s Chief Geologist, Andrew Hollis said “The significance of this assessment is that we now
have demonstrable evidence of oil generation of good quality on the outer perimeter of the basin. This
supports our conclusion that the Weald Basin Kimmeridge play is robust and the highest maturity will be
found in the centre of the Weald at Brockham, Balcombe, Holmwood and Horse Hill.
“Based on the data, it is possible that fields centred in the Weald could produce even lighter, sweeter crude
at 40 API. Comparatively, Brent Oil is 36 API,” he said.
Full details from 03rd July RNS:
http://www.angusenergy.co.uk/wp-content/uploads/2018/07/Angus-Energy-Kimmeridge-Assesment-Indicates-High-Quality-Crude-at-Lidsey.pdf
BOD: An update would be nice though!
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