Egdon Resources Begins Extended Well Test at Wressle-1 Onshore UK

Egdon Resources announced Thursday the commencement of an extended well test (EWT) at the Wressle-1 oil and gas discovery, located in license PEDL180 to the east of Scunthorpe, UK.

The test will determine production rates under pumped conditions at the well’s Ashover Grit and Penistone Flags reservoir intervals. Ashover Grit will be tested first for up to 28 days, followed by the Penistone reservoir. In 1Q 2015 Ashover Grit flowed 80 barrels of oil per day and 47,000 cubic feet of gas per day, during a 16 hour main flow period, and the Penistone Flags reservoir produced gas at restricted flow rates of up to 1.7 million cubic feet per day, with associated oil of up to 12 barrels per day.

Egdon Resources Managing Director Mark Abbott commented in a company statement:

"We now look forward to the results of this EWT program which will provide further valuable information on the Ashover Grit and Penistone Flags reservoirs and enable us to determine commerciality and optimize potential field development and monetization options for the Wressle discovery."

The Wressle-1 conventional exploration well was spud on July 18, 2015 and reached a total depth of 7,350 feet in August 23, 2014. Egdon initially estimated that the Wressle prospect onshore UK had mean, gross, un-risked recoverable resources of 2.1 million barrels of oil.


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