Europa Oil & Gas believes there may be more oil in its Lincolnshire well than it had earlier thought.
Egdon Resources has revealed encouraging results from the pumped test carried out at the Wressle-1 oil and gas discovery in licence PEDL180 in England. The company said assessments carried out over the Penistone flags zone 3A showed a production rate of more than 180 barrels of oil equivalent per day. Previous initial testing at the Ashover Grit, the Wingfield Flags and the Pensitone Flags had been carried out but due to a problem with downhole testing equipment, test operations were switched to focus on the shallower Penistone region.
Egdon Resources said it had flowed more oil from its Wressle-1 discovery in England. The company said the results from the second Penistone Flags flow test at licence PEDL180 in the East Midlands were “very positive”. Zone 3a in the Penistone Flags was perforated over a 7.5metre interval and produced good quality oil with a gravity of 33o API. Mark Abbott, managing director of Egdon Resources, said: “The results from Wressle continue to be very positive.
Egdon Resources said it has recorded further encouraging flow test results from its Wressle-1 oil and gas discovery in England. The company said test operations have been carried out on the first set of perforations in the Penistone Flags reservoir, the last of three hydrocarbon zones identified in the well. The Penistone test produced gas at restricted flow rates of up to 1.7million cubic feet of gas per day (mmcfd) with associated oil of up to 12 barrels of oil per day (bopd).