Andrew Bell – Chairman – Regency Mines PLC #RGM
LSE Share talk catch up with Andrew Bell to talk about Horse Hill Update – Upgrade to Portland Oil in Place RNS 19th July 2016.
Petrophysical Analysis Increases Total Portland Horizon Oil in Place from 7.7 to 22.9 million barrels (“MMbbl”) per square mile
Petrophysical Model Revised Including Dry Oil Test Observations and Measurements
Portland Flow Rates Expected to Increase Using Higher Capacity Pump
Barton Wilmore to be Commissioned to Prepare and Submit Planning Application for Appraisal Program at Horse Hill
Program will Seek to Test 3 Kimmeridge Limestone Zones Plus Portland for up to 360 Days, Drill Two Additional Appraisal Wells, and Acquire Additional 3D Seismic Data
Andrew Bell, Regency Chairman, comments: “The revised Nutech analysis has encouraging implications for potential recovery percentages and commercial viability. The economic potential of the Portland sandstone horizon appears much greater than previously thought.