{"id":75072,"title":"UK Oil & Gas PLC (UKOG.L) Horse Hill-1 Portland intervention commences","publisher":"Share Talk","author":"sharetalk","published":"2020-10-01T12:11:18+00:00","modified":"2020-10-01T12:12:12+00:00","canonical_url":"https://www.share-talk.com/uk-oil-gas-plc-ukog-l-horse-hill-1-portland-intervention-commences/","markdown_url":"https://www.share-talk.com/uk-oil-gas-plc-ukog-l-horse-hill-1-portland-intervention-commences.md","json_url":"https://www.share-talk.com/uk-oil-gas-plc-ukog-l-horse-hill-1-portland-intervention-commences.json","category":"Energy","categories":["Energy"],"tags":["East Sadak","Environment Agency","Horse hill","Kimmeridge","Loxley","natural gas","oil","Stephen Sanderson","Surrey County Council","turkey","Turkish","UK Oil & Gas","UK Oil & Gas PLC","UKOG","Weald Basin","Xodus Group"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that following this morning’s arrival of a small workover rig, planned routine intervention operations at its 85.635% owned Horse Hill-1 well have now commenced.\n\nThe short intervention seeks to further optimise oil flow via reperforating the full Portland oil producing section, insertion of a new simplified production tubing string and by setting the downhole pump at a deeper level to increase pumping efficiency.\n\n**Further updates will be issued in due course following completion of the intervention.**\n\nThe Horse Hill Portland and Kimmeridge oil field is operated by UKOG’s subsidiary company Horse Hill Developments Ltd (“HHDL”), in which UKOG has a direct 77.9% interest. HHDL has a 65% interest in the field and surrounding PEDL137 and PEDL246 licences, with the remaining 35% interest held by UKOG’s wholly owned subsidiary, UKOG (137/246) Ltd.\n\n**Qualified Person’s Statement**\n\nMatt Cartwright, UKOG’s Commercial Director, who has 37 years of relevant experience in the global oil industry, has approved the information contained in this announcement. Mr Cartwright is a Chartered Engineer and member of the Society of Petroleum Engineers.\n\n**Stephen Sanderson UKOG’s Chief Executive commented:**\n\n“We look forward to safe, swift and successful operations and to the resumption of stable oil production at Horse Hill as soon as possible.”"}