Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces that the Company has completed the testing and logging phase of the 205/21a-7 well (the ‘Pilot Well’) and operations are now progressing as planned to permanently abandon the Pilot Well reservoir section prior to side-tracking the top-hole to form the 7Z horizontal sidetrack (the ‘Horizontal Well’). The information below is preliminary and will be updated following detailed analysis once the final well data and reports have been received and analysed.
Dr Robert Trice, Hurricane’s CEO, commented: ‘I am delighted that the Pilot Well has confirmed a significant oil column deeper than the 2C Case set out in the Company’s CPR. Our initial assessment of the well results, which are subject to refinement of the provisional data, suggest that the Lancaster field is likely to be significantly greater than the 200mm bbls 2C case.’