RE: The future22 Jan 2020 11:33
Officially or rather by Dow Jones' Anthony Goriainoff..
Headline: DJ Reabold Resources, Union Jack Oil Seek Approval to Restart Yorkshire Well Test
Date/Time: 18/12/2019 10:29:29 ?
Reabold Resources PLC (RBD.LN) and Union Jack Oil PLC (UJO.LN) said Wednesday that they are seeking regulatory approval to restart the extended well test at the West Newton A-2 appraisal discovery well located in East Yorkshire, England.
The oil companies said that following the discovery of a reservoir containing a 45-meter liquid hydrocarbon column underlying a 20 meter gas column, extended well tests were temporarily suspended in August in order to review and revise the well test design, for which well-testing equipment has now been sourced.
"Statutory planning permissions are in place to drill two additional wells, the West Newton B-1 and B-2. The locations of these wells are considered to be optimal to test the Kirkham Abbey formation and will also test the possible presence of the Cadeby formation, a further, highly important and high value target," the companies said.
Reabold Resources has an indirect 36% stake in the PEDL 183 license on which the well is located, while Union Jack Oil PLC (UJO.LN) has a 16.7% stake.