07:00 Tue 24 Aug 2021
Europa Oil & Gas - Wressle Achieves 500 bopd
Europa Oil & Gas (Holdings) plc / Index: AIM / Epic: EOG / Sector: Oil & Gas
Europa Oil & Gas (Holdings) plc ('Europa' or 'the Company')
Wressle Achieves 500 bopd
Europa Oil & Gas (Holdings) plc, the
The operator has advised that the coiled tubing operation has been completed safely and successfully and that the Ashover Grit reservoir has been returned to flow, under extended well testing operations. The well flow is continuing to clean-up and has not yet reached its full potential. The measured flow rates have exceeded 500 barrels of oil per day over a 24 hour period, which was the forecast rate following the proppant squeeze operation.
Further updates will be provided once stabilised flow rates have been established in the coming weeks.
"I would like to thank the operator and its contractors for achieving this excellent outcome which is a milestone for Wressle."
Further information on Wressle
The Wressle-1 well was drilled in 2014 and tested in 2015. During testing, a total of 710 barrels of oil equivalent per day were recovered from three separate reservoirs: the Ashover Grit; the Wingfield Flags; and the Penistone Flags. In
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This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of
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finnCap Ltd |
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finnCap Ltd |
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Turner Pope Investments Ltd Turner Pope Investments Ltd
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St Brides Partners Ltd |
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Notes
Europa Oil & Gas (Holdings) plc has a diversified portfolio of multi-stage hydrocarbon assets which includes production, development and exploration interests, in countries that are politically stable, have transparent licensing processes, and offer attractive terms. In terms of production, in the year to 31st
The Company holds four exploration licences offshore
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