Union Jack Oil says that Egdon Resources plc (Egdon) has released an RNS announcing preliminary results in respect of the recently drilled Wressle-1 conventional exploration well. Union Jack holds an 8.33 per cent interest in this well.
Egdon Resources says that the Wressle-1 well was spudded on 18 July 2014 and on 23 August 2014 reached a total depth (TD) of 2240 metres measured depth (MD) (1814 metres true vertical depth below OS datum (TVDSS)). Elevated mud gas readings were observed over large parts of the interval from the top of the Penistone Flags reservoir target (1831.5 metres MD) to TD.
The well was logged using measurement whilst drilling (MWD) logging tools run on the drill string. Preliminary petrophysical evaluation of the log data has indicated the presence of potential hydrocarbon pay in three main intervals;
◾ Penistone Flags - up to 19.8 metres measured thickness (15.9 metres vertical thickness)
◾ Wingfield Flags - up to 5.64 metres measured thickness (5.1 metres vertical thickness)
◾ Ashover Grit - up to 6.1 metres measured thickness (5.8 metres vertical thickness)