Oil, Gas Flow from 2nd Reservoir at Wressle-1 Well

Junior production companies involved in the onshore UK Wressle project in east Lincolnshire reported Thursday that oil and gas have flowed from a second interval at the site's Wressle-1 discovery well.

Egdon Resources said that oil was flowing from the well at a rate of 182 barrels per day, while gas flowed at 456,000 cubic feet per day, following testing operations on the Wingfield Flags reservoir within the Wressle-1 discovery. The flow test was carried out over five hours on a 32/64-inch choke.

The first test of the well, using a 16/64-inch choke, flowed at 116 bopd and 341,000 cubic feet of gas per day over four hours.

Egdon said that no appreciable volumes of watrer were encountered and the oil is of good quality with a gravity of between 39 and 40-degree API.

Egdon Managing Director Mark Abbott commented in a company statement:

"These are very encouraging results, with free-flowing rates of up to 182 bopd from the Wingfield Flags and 80 bopd from the Ashover Grit zone tested last week. We now look forward to flow testing the final interval the Penistone Flags which could add further substantial production potential to that achieved from the Wingfield Flags and the Ashover Grit."

Hugh Mackay, of Europa Oil & Gas (which holds a 33.3-percent interest in Wressle), added in a separate statement:

"Thanks to free flowing rates of up to 182 bopd from test no. 2 in the Wingfield Flags reservoir and the 80 bopd previously achieved from test no. 1 in the Ashover Grit, Wressle is so far living up to its pre-drill billing as a potential oil and gas discovery that could transform our existing production and revenue profile.

"Even though a final potential payzone, the Penistone Flags, is still to be tested, plans are now being advanced to undertake an extended well test to determine what longer term production rates can be achieved using pumping equipment. Any oil and gas recovered during this longer term test will be sold to the market and therefore this test will have a positive impact on Europa's cash flow."

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