UKOG gets green-light for Broadford Bridge flow test
"This enables us to move onto the next phase of operation at Broadford Bridge," said Stephen Sanderson, UKOG executive chairman.
Company
LON:UKOG
UKOG focusses primarily on oil and gas assets located in the Weald Basin in southern England where oil and gas drilling has been taking place for well over 100 years. Modern technologies have dramatically altered the methodology of the business – and subsequently drastically reduced the environmental impact for local communities and residents. Get your cbd oil delivery from USA UKOG, thanks to its policy of investing in expert advice from the world’s major analysts, is leading the way in ensuring that any oil and gas developments are conducted with full respect to the countryside and a determination to preserve the well-being and way of life of local residents. UKOG’s shares are listed and trade on London’s Alternative Investment Market (AIM). The current portfolio includes eight oil and gas assets held under Petroleum Exploration and Development Licences (PEDL). All assets are onshore. The Company is well funded and plans to grow its core UK Weald business with a programme of development and acquisition. Our technical team is driving the “proof of concept” for the new and potentially significant Weald Kimmeridge limestone naturally-fractured oil play, demonstrated by the successful Horse Hill-1 exploration well.
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"This enables us to move onto the next phase of operation at Broadford Bridge," said Stephen Sanderson, UKOG executive chairman.
Shares in a number of companies with stakes in the Horse Hill oil project have rallied today
UK Oil & Gas Investments (UKOG), Angus, Doriemus and Alba all had news on Monday as they work to follow up the breakthrough success of the Horse Hill discovery, in southern England.
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“The coring programme continues to deliver positive results and important new insights," said UKOG chief executive Stephen Sanderson.
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“Broadbridge Bridge well may prove a litmus test for whole play”
The run of positive well results may are de-risking and value-adding, but, there are signs that Horse Hill’s partner politics could be heading for a ‘coalition of chaos’.
It has now begun the process of coring, where samples are extracted from the areas most likely to be hydrocarbon-bearing
BB-1 is targeting four intervals in the Kimmeridge limestone play, which was successfully tested at the Horse Hill discovery.
Getting on the front-foot the onshore UK oiler has published an inventory of the additives it is using in its 'drilling fluid', which is still described as "primarily water".
The well has been cased and cemented, and directional got underway on Monday evening
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The planned overall horizontal deviation of the well is approximately 1 km to the north-northeast of the well site.
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Over the last two to three decades around 30 wells have been drilled into the Kimmeridge layer of the Weald Basin, which underlies the south and south-eastern corner of the country. However those 30 wells never tested for oil as the sedimen
Some of the main risers and fallers in London at 3.45pm
Broadford Bridge-1 (BB-1) will test a geological look-alike to Horse Hill, located on the southern flank of the Weald Basin.
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