StockMarketWire.com - UK Oil & Gas said it had continued to progress a new horizontal well at the Horse Hill project in southern England.

The company said casing had been set and cemented into position at the Portland pilot well.

The setting and testing of blow-out preventers was expected to be completed on Tuesday.

The well would then drill a short section of hole down to a coring point, where three 60-foot cores were planned through the oil-bearing Portland reservoir.

Following the coring programme, the well would drill ahead to total depth, be electric logged and then plugged back to the "kick-off" point, delineating the start of the HH-2 well's planned 1000 metres horizontal trajectory.

The HH-2z well would follow directly afterwards.


At 8:32am: [LON:UKOG] UK Oil Gas Investments Plc share price was +0.01p at 1.08p



Story provided by StockMarketWire.com