Stephen Sanderson Interview6 Aug 2018 01:18
https://www.youtube.com/watch?v=KD7FmWA9vvU
Stephen Sanderson, UKOG's Executive Chairman and Chief Executive Interview
Today UK Oil & Gas Investments PLC (AIM: UKOG) announced Portland Extended Flow Test ("EWT"): Well Clean-Up Phase Complete, Dry Oil Flows to Surface, Horse Hill-1 Oil Discovery, PEDL137, Weald Basin, UK update.
We caught up with Stephen Sanderson as he left the Horse Hil -1site and he gives this exclusive interview on today's news update.
Stephen Sanderson, UKOG's Executive Chairman and Chief Executive, commented:
"Test results to date have exceeded our initial expectations given the length of time the well was shut-in since 2016. Although we are in the very early stages of our 150-day test campaign at Horse Hill, the signs to date are extremely positive for the Portland oil pool. The unexpected bonus of natural oil flow to the surface, without the use of a pump, gives us cause for further optimism regarding the Portland's overall commercial potential. It is important at this stage, however, to keep our expectations at a realistic level.
The Company looks forward to further positive results from the remaining Portland test sequences and then the testing of the two deeper and higher productivity Kimmeridge Limestone oil pools. Further updates will be made throughout the test campaign."