StockMarketWire.com - UK Oil & Gas said oil had continuously flowed to surface during an extended well test at its Horse Hill prospect near Gatwick airport.

Horse Head's Kimmeridge Limestone 3 programme had recorded sustained light, sweet crude oil flow continuously and naturally to surface over the past 50 hours, the company said.

Oil had flowed at sustained rates significantly exceeding those recorded during a short flow-test programme in 2016.

Sustained continuous oil rates of between 563 and 771 barrels of oil per day on 36/64 and 38/64 inch choke, respectively, were recorded over the last 24 hours.

'I am delighted to have witnessed first-hand the resumption of significant continuous and sustained oil flow from the Kimmeridge at Horse Hill,' chief executive Stephen Sanderson said.

'Whilst it has been a long wait since the successful 2016 flow tests, it has been made more momentous by the Kimmeridge's significantly increased performance and productivity.'




At 2:59pm: [LON:UKOG] UK Oil Gas Investments Plc share price was +0.1p at 1.95p



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