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Horse Hill-1 flow at double previously reported rate

By BFN News | 09:10 AM | Monday 21 March, 2016


Horse Hill Developments Limited has informed Alba Mineral Resources, Doriemus, and Evocutis, Regency Mines, Solo Oil, Stellar Resources and UK Oil & Gas that the final Horse Hill 1 Portland test flowed at a stable dry oil rate of 323 barrels of oil per day, double the previously reported rate. The final total aggregate stable dry oil flow rate from two Kimmeridge limestones plus the overlying Portland sandstone stands at 1688 bopd. Over the 30-90 hour flow periods from each of the 3 zones, no clear indication of any reservoir pressure depletion was observed. Further analysis of data is ongoing and will be reported shortly. At 9:10am: (LON:ALBA) Alba Mineral Resources PLC share price was -0.01p at 0.38p (LON:EVO) Evocutis plc share price was 0p at 0.07p (LON:RGM) Regency Mines PLC share price was +0.03p at 0.55p (LON:SOLO) Solo Oil PLC share price was +0.01p at 0.35p Story provided by StockMarketWire.com

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