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Horse Hill well plugged to carry out 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%.

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