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Solo Oil’s Ritson: Initial Horse Hill flow “well ahead of our expectations.”

The Horse Hill discovery well, near Gatwick airport, has flowed light oil to surface from one of the intervals within its deeper hybrid oil zone, and Neil Ritson, chairman of Solo Oil (LON:SOLO), a 6.5% stakeholder in the project, speaks to Proactive on the news.

“We are very encouraged by what we are seeing here - we originally thought we would recover oil, but certainly not in these volumes and at natural flow rates such as these that we’ve seen yesterday.”

An initial instantaneous flow of fluid, approximately 50% oil and 50% water, was measured at a rate of 700 barrels per day before a subsequent seven hour test period measured a flow rate of 463 barrels of oil per day.

Ritson says that these results are “certainly well ahead of our expectations.”

 
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