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UKOG declares reserves at Markwells Wood Oil Field


Published Sep 16, 2015
UK Oil & Gas Investments

UK Oil & Gas Investments PLC says that a Competent Persons Report (CPR) by Xodus Group (Xodus) of the Company's onshore Markwells Wood oil field calculates that the field's Jurassic Great Oolite limestone reservoir contains a 2C or P50 potentially recoverable Contingent Resource of 1.25 million barrels (MMbbl) net to the Company.

The Markwells Wood oil field, in which the Company has a 100% interest, is located in UK licence PEDL126 in the west of the Weald Basin immediately to the east of the producing Horndean Field, in which the company has a 10% production interest, and approximately 12 km northeast of Portsmouth on the south coast of England. The field lies approximately 60 km to the southeast of the Company's Horse Hill oil discovery.

Tags: UK Oil & Gas Investments PLC




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