UKOG15 Mar 2019 07:15
Increase in production is usually met with approval
UKOG is pleased to announce that aggregate test production from the Portland reservoir at the Horse Hill oil field, in which the Company has a 50.635% majority interest, now exceeds 10,000 barrels ("bbl"). The continuous Portland dry oil flow (i.e. oil with zero water content), at a stable daily average rate of over 220 barrels per day ("bopd"), forms a key part of the schedule of works required to finalise the Portland field development plan and to the targeted establishment of permanent long-term Portland production by end 2019.