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Horse Hill well plugged to carry out pressure test

The companies behind The well drilled on the Horse Hill oil project near Gatwick Airport said has been temporarily plugged to carry out a pressure test.

The well flowed for seven and a half hours on Monday at an average of 838 barrels per day and was shut-in on Tuesday for a 12-hour pressure build-up test.

“The well continues to perform above management’s expectations. We look forward to testing the overlying Portland shortly,” said Stephen Sanderson, the chairman of UK Oil & Gas Investments, which owns a 30% stake in Horse Hill Developments, the joint venture handling drilling at the project.

Horse Hill Developments owns a 65% stake, with the rest held by Magellan Petroleum Corp.

 

HHD includes Alba Mineral Resources(15%) whilst Doriemus, Stellar Resources and Solo Oil each hold 10% stakes. Regency Mines holds a 5% stake and Evocutis holds 2%.