Magellan Petroleum Corporation provide an update on the status of drilling at the Horse Hill-1 well in the Weald Basin, onshore UK. The well spudded on September 3, 2014, and surface casing has been set and cemented to a depth of 84 ft. Drilling on the intermediate section of the wellbore is expected to commence imminently, and, approximately six weeks thereafter, TD is expected to be reached at 8,680 feet.
The Horse Hill-1 well, which is designed as a near vertical well that will not be hydraulically fractured, is targeting a conventional Triassic-aged gas target. In addition, the well will be used to evaluate various conventional Jurassic-aged formations. Horse Hill Developments Ltd is operator of the well, in which Magellan has a 35% direct carried interest.