UK-based independent Egdon Resources said Monday that it confirmed a gas pay zone at its Wressle-1 oil and gas discovery in onshore England.
The well, located in PEDL 180, confirmed gas production rates of up to 1.7 million cubic feet per day and up to 12 barrels of oil per day from the Penistone Flags reservoir.
No free water was encountered and the oil is of “good quality” with a gravity of 35o API.
Gas flow rates were constrained by the equipment and flaring limits imposed by the environmental permit.
Down-hole pressure data recorded during testing will be analysed to estimate gas flow rates that could be achieved without flare and permit constraints.
Egdon will perform more testing to evaluate the gas-oil and oil-water contacts in the Penistone by perforating the formation deeper in the section.
All of the data gathered from the test operations will be integrated into a full evaluation of the Wressle discovery to form an updated resource assessment and to inform field development options.
“We are very encouraged by the early test results from the Wressle-oil and gas discovery….We now look forward to the results of our work to identify the location of the expected oil leg in the Penistone and to seeing what oil rates can be achieved with pumping of the Ashover Grit,” Egdon’s managing director Mark Abbott said.
Egdon has a 25 percent operating interest in production license PEDL 180.
UK-based Europa Oil & Gas holds a 33.3 percent working interest in the license, UK-based Celtique Energie Petroleum holds a 33.3 percent interest and UK-based Union Jack Oil holds an 8.3 percent interest.