Ukog6 Jul 2018 13:08
Post period end, 150-day EWT operations commenced at HH-1. The campaign includes three test sequences covering the Portland, Kimmeridge Limestone 3 ("KL3") and KL4 oil pools which flowed at commercial initial rates of 323, 901 and 464 barrels of oil per day ("bopd") over short stabilised flow periods respectively. The EWT, if successful, is designed to enable a declaration of commerciality to be made, with a target of first stable oil production in 2019.
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In order to enable permanent production and cash flow in a timely manner a planning application to convert the site and operation to production is being compiled and is planned to be submitted in late summer/early autumn 2018.