logo-loader
viewAlba Mineral Resources PLC

Alba Mineral Resources looks forward to HH-2 production tests in early December

Some 2,500 feet of the Portland reservoir can be accessed from the horizontal well which will soon undergo production testing.

Alba Mineral Resources PLC - Alba Mineral Resources looks forward to HH-2 production tests in early December

Investors in Alba Mineral Resources PLC (LON:ALBA) can now look forward to the start of production testing for the new horizontal well at the Horse Hill project.

In a statement today it was revealed that the horizontal well is now completed.

The well has accessed exposure to 2,500 feet in the conventional Portland oil reservoir. It has now been suspended as a future oil production well, starting with an extended well testing programme.

It is expected that the production test will begin in early December.

READ: UK Oil & Gas cheers completion of Horse Hill’s horizontal well

Alba owns an 11.765% interest in Horse Hill Developments Limited (HHDL) which in turn has 65% of the Horse Hill project.

Horse Hill’s first well has been temporarily shut-in, to enable safe ‘rig-down’ operations.

Prior to this pause in production, the HH-1 well had produced some 78,844 barrels of oil in aggregate, with 49,276 barrels coming from the deeper Kimmeridge oil zone.

Quick facts: Alba Mineral Resources PLC

Price: 0.15 GBX

AIM:ALBA
Market: AIM
Market Cap: £5.62 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Revenue guidance from OptiBiotix as it eyes NASDAQ listing

OptiBiotix Health (LON:OPTI) provides a commercial progress update, explaining why in their financials some items are separated. CEO Stephen O'Hara tells Proactive London what's behind his thinking adding that Optibiotix hopes to reach profitability in 2020. News here too on Sweetbiotix and...

1 day, 6 hours ago

RNS

Mining Projects Update

2 days, 11 hours ago

Horse Hill Update

3 weeks, 5 days ago

Horse Hill Update

on 27/11/19

Horse Hill Update

on 12/11/19

Issue of Equity

on 6/11/19

Horse Hill Update

on 4/11/19

2 min read