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Hurricane Energy to start key Warwick West testing phase

“The company will provide an update on initial results of the well, including flow rates and oil type, following completion of the testing phase”

Hurricane Energy PLC - Hurricane Energy to start key Warwick West testing phase
Warwick West is the third and final well of the drilling programme

Hurricane Energy PLC (LON:HUR) is beginning drill stem testing on the Warwick West well, located in the UK’s West of Shetland continental shelf.

Drill stem tests are a key phase of exploration programmes to find out whether a well has found a commercial hydrocarbon reservoir.

READ: Hurricane Energy says 'far too early' to speculate about Warwick West well

Warwick West is the third and final well of the drilling programme on the Lincoln and Warwick projects, where Hurricane has a 50% interest following a farm-in with Spirit Energy last year.

Results so far have been mixed. Warwick Deep, the first well, encountered a 712m fractured basin section but did not flow at commercial rates though Lincoln Cristal, the second hole, produced 9,800 barrels a day with a pump.

“The company will provide an update on initial results of the well, including flow rates and oil type, following completion of the testing phase,” Hurricane said in a release.

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Price: 30.2 GBX

LSE:HUR
Market: LSE
Market Cap: £601.05 m
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