Operational update- 201716 May 2023 16:14
Would be nice to have repeat of the operational update of 2017 from Turkey- what a memorable for the ones who made a lot of money and the ones who are still carrying the baggage of 2017. Come on Turkey make 2023 a memorable year for UKOG again.
Operational Update
6 Sep 2017 15:47
RNS Number : 0252Q
UK Oil & Gas Investments PLC
06 September 2017
UK Oil & Gas Investments PLC
("UKOG" or the "Company")
Operational Update,
Further Oil Recovered to Surface, Extended Flow Testing Phase Commences
Broadford Bridge-1 and 1z Exploration Well, Weald Basin, UK
Highlights
· Broadford Bridge-1z ("BB-1z") sidetrack completed as a potential oil producer with an aggregate total of 1,064 ft of perforations over eight naturally fractured Kimmeridge zones, including a new uppermost reservoir zone, Kimmeridge Limestone 5 ("KL5"), where mobile light oil was recovered to surface in BB-1 cores.
· Following each of four extensive perforation runs, a pressure increase was observed in the well annulus together with live, mobile oil shows at surface.
· Drilling and completion phases now successfully completed. Drilling rig departed safely from the well site without incident.
· Rig-less extended flow testing phase now underway. Flow testing over multiple Kimmeridge reservoir zones to commence following rig-up of well test equipment. All necessary regulatory permissions for flow testing in place.
UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) is pleased to announce that, following today's departure of the drilling rig, it has now commenced the flow testing phase at its 100% owned BB-1 and 1z exploration well, located in licence PEDL234. All necessary permissions are in place to commence flow testing of multiple Kimmeridge Limestone reservoir zones following the rig-up of well test equipment.
Prior to rig departure, the well was successfully perforated and completed as a potential oil producer over a gross Kimmeridge reservoir interval spanning 3,920-5,657 ft MD. The perforated section spans eight naturally fractured Kimmeridge Limestone and interbedded shale reservoir units, with a total aggregate perforated section of 1,064 ft. Further to previous announcements, the perforated section was increased to include a further naturally fractured reservoir zone, designated KL5, where mobile, light oil was recovered to surface from core.