Key Wells | Production Rates
Magellan Reports 900 BOPD Flow Test in U.K.'s Weald Basin
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Magellan Petroleum Corporation announced updated results of a flow test of the Horse Hill-1 well located in the Weald Basin, onshore UK, which is operated by Horse Hill Development Limited and in which Magellan has a 35% interest.
UK Oil & Gas Investments PLC, listed on the AIM of the London Stock Exchange, owns direct and indirect interests totaling approximately 20% in the Horse Hill-1 well. On March 1, 2016, UKOG announced that HHDL had informed them of the results of the flow test of the Upper Kimmeridge limestone interval, which followed the previously announced flow test of the Lower Kimmeridge limestone interval, indicating that 100% dry, light, 40-degree API, sweet oil has flowed naturally to the surface from the Upper Kimmeridge limestone interval at a rate of approximately 900…
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