Egdon Resources plc (AIM: EDR, “Egdon”) is pleased to provide an update on operations at the Wressle Oil Field Development (“Wressle”) located in North Lincolnshire Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest.
Operations to recomplete the well and reperforate the Ashover Grit reservoir interval have been completed safely and successfully as per the previously advised schedule.
Following the reperforation and its successful communication with the Ashover Grit reservoir interval free-flow of oil has commenced and the well has been placed on continuous 24 hour test production. The well is currently in the normal clean-up phase as the well is carefully brought on-stream.
The Company will provide a further detailed update when flow rates have stabilised on completion of clean-up.
Produced oil from Wressle will be transported by road tanker to the Phillips 66 Humber refinery and sold under Egdon’s existing oil sales contract.
Recent photographs and video footage of the Wressle site can be found on Egdon’s Twitter feed @EgdonResources.