Like a good pint of Guinness on St Patrick’s day, Monday’s news from the Gatwick Gusher was worth waiting for.
Some people think that because the initial test results are out, then that’s the end of the story for now. ‘Pack your kit bag and move on.’
This is just the beginning of the story, as UKOG and its pioneering partners move to make Horse Hill and the Weald Basin a big success. Even BP started as little tiddler way back in 1908. Look what happened to them.
(If you don’t know, BP was founded in 1908 as the Anglo-Persian Oil Company following the discovery of its large oil field in Masjed Soleiman, Iran. It was the first company to extract petroleum from there.)
Now back to Horse Hill, a subset of Nutech’s 124 billion barrel (P50) potential of the UK’s Weald Basin.
The final Horse Hill 1 Portland test blew the lid off expectations. 323 barrels of oil per day, double the previous rate, made it the highest stable dry oil flow rate from any onshore UK Portland sandstone formation well. Thanks to good old Mother Nature, and a bigger pump. An even bigger pump would have given even more flow, but alas I don’t think they could find one in time. Pity.