Union Jack Oil said there had been 'highly encouraging progress at the Wressle development in North Lincolnshire, of which it had a 40% stake.
Instantaneous flow rates from the Ashover Grit reservoir of 884 barrels of oil per day were achieved on a "significantly restricted choke setting" with high wellhead flowing pressure, the company said.
It added that 480,000 cubic feet of gas was produced per day, or around 80 barrels of oil equivalent per day, plus in excess of 950 barrels of oil equivalent per day achieved.
The flow potential of Wressle remained to be fully tested, Union Jack said.
RE: Nobody knows what goes on behind doors28 Sep 2021 13:07
In September 2016 a Competent Person's Report made independent estimates of Reserves and Contingent and Prospective oil and gas Resources for the Wressle discovery of 2.15 million stock tank barrels classified as discovered (2P+2C).
26 May 2021 Mark Abbott, managing director, said: “We are pleased to have received this final consent, which will allow the full production potential of Wressle to be realised following the proppant squeeze operation which is planned to be undertaken during June 2021.”
"Tests have indicated the possibility of recovering more than two million barrels of oil from the site."
Mark Abbott, Managing Director of Egdon, who is a geoscientist with over 30 years' experience and is a member of the Petroleum Exploration Society of Great Britain and a Fellow of the Geological Society.
28 September 2021 ARSTransgender "Regardless of the rate, there are only 260,000 barrels proven"
ARSTransgender Managing Director of making up BS, with over 30 years' experience and is a member of the Raving Loony Society.
RE: Seems to me like there's some20 Sep 2021 22:14
I think the problem comes from people confusing " Cambridge Petroleum Royalties" and "Claymore Piper Complex Royalty". Whether it has been used a deliberate and malicious market manipulation, or the people are just thick, you decide, either way it does not look good on their part.
RE: Seems to me like there's some20 Sep 2021 22:04
I have been here a very long time, don't really post, but the bb does look over run with sharks. Trying to score points and putting LTH's down, to what gain? I remember when Ginge was here, he kept getting banned for defending his investment.
Still a holder, and still believe we will come good. GLALTH's.
RE: Seems to me like there's some20 Sep 2021 21:28
Agreed sandal, he was responsible for the leak in the first place, then he tried to make connections to 3rd parties and was totally wrong.
Is it legal gor a financial journalist to leak price sensitive information? Should he be making and printing 3rd party connections when there are none? It all stinks, Tom and BMD were both loving UJO last year. Now we are getting leaks and lies.