RE: extract from Tuesday's RNS re HH-2z3 Jul 2020 12:11
What happened to the HH2 sweetspot that was nailed on?
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HH-2z Horizontal Drilling Completed
Tue, 12th Nov 2019 07:00
RNS Number : 0853T
UK Oil & Gas PLC
12 November 2019
UK Oil & Gas PLC
("UKOG" or the "Company")
Horse Hill Oil Field: HH-2z Horizontal Drilling Completed
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce the successful completion of its Horse Hill-2z ("HH-2z") Portland horizontal drilling campaign (UKOG 85.635% net controlling interest). A total of approximately 2,500 ft of horizontal trajectory was drilled wholly within the Portland reservoir's most oil productive zone or "sweet spot", around 70 times greater exposure to the sweet-spot than seen in the HH-1 Portland vertical discovery well. The campaign's key technical objectives have now all been successfully delivered.
The significantly increased exposure to the sweet-spot within HH-2z, the first horizontal well in the field's Portland oil pool, is the prime technical enabler for HH-2z to be capable of delivering significantly greater flow rates than those seen in the HH-1 vertical well.
The good, clean horizontal trajectory, together with the continued indications of possible improved reservoir quality and significantly lower pressure-depletion than expected, led the Company to decide that there was little technical or economic benefit in pursuing drilling to the maximum planned c. 3,000 ft horizontal trajectory.