UK Oil & Gas investors unimpressed by Horse Hill testing update
Continuous oil production at the Horse Hill site is anticipated through most of 2019 – the current test programme will run to spring, before two new wells are drilled and then tested through to the autumn, and, UKOG hopes permanent production will kick off in the winter.
Investors in UK Oil & Gas Plc were evidently unimpressed by the project update from the Horse Hill project on the 16th January, which revealed that production testing had passed a milestone of 25,000 barrel of oil.
Of the 25,000 barrels of oil produced since early July, some 21,000 barrels have come from the Kimmeridge.
Source: Proactive Investors