George Frangeskides, executive chairman of Alba Mineral Resources Plc (LON:ALBA), tells Proactive London’s Andrew Scott he’s very encouraged following the release of the latest data out of the Horse Hill production testing campaign.
Stats have indicated the so-called ‘Gatwick Gusher’ project’s Kimmeridge zones can be “commercially viable”, according to the project’s operator.
It was revealed that the KL3 zone, one of the multiple zones in the targeted Kimmeridge play, had initially produced oil at a rate of 771 barrels of oil per day, and, marked a peak rate of 909 bopd, before reducing to averaging a rate of 342 bopd over the full test period.
Source Link www.proactiveinvestors.co.uk
