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CUADRILLA WELCOMES ANGUS ENERGY’S COMPLETION OF FLOW TEST OF OIL AT BALCOMBE

Cuadrilla Balcombe Limited is pleased that Angus Energy Plc, the current operator of the Balcombe exploration site in West Sussex, has safely finished a seven day well test of the horizontal well there.

The well, Balcombe-2z, flowed at 853 Bopd¹ equivalent and 1,587 Bopd equivalent during two separate test runs.

Francis Egan, CEO of Cuadrilla, said:

“We are encouraged by the results from two initial flow tests of the Balcombe horizontal exploration well.  Further analysis of the data collected will be carried out, and potentially further testing may be required, to finally determine the commercial potential for the site.”

Angus Energy joined the existing Cuadrilla / Lucas partnership through the acquisition of a 25.0% interest in UK onshore licence PEDL244, which includes the entire Balcombe Field discovery in West Sussex, earlier in 2018.

¹Barrels of Oil per Day

 

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