UKOG COMPLETES BROADFORD BRIDGE SIDETRACK

August 14, 2017

UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) announced that, to optimise well completion and subsequent flow test performance, it has successfully drilled, logged and cased a mechanical sidetrack, BB-1z, at its 100% owned Broadford Bridge-1 (“BB-1”) exploration well located in licence PEDL234. The sidetrack has fulfilled its objective of replicating the geological success of BB-1, via a mirror-image borehole within the Kimmeridge. The new borehole delivers a fresh, identical section of heavily-fractured oil-bearing Kimmeridge reservoir, with minimal formation damage and an in-gauge, cased-off, 8.5-inch borehole optimal for well completion and flow testing.
Significant oil traces were recovered from drilling fluid throughout the Kimmeridge section from 3,622 ft MD to below 5,562 ft MD, a vertical thickness of around 1,400 ft, greater than seen in BB-1. Wet gas shows were at near identical levels to that seen in the original BB-1 borehole.
Operations at site continue to prepare and complete BB-1z as a potential oil producing well from multiple zones over a gross perforated interval of 926 ft. Flow testing will commence after the rig has vacated the site, which will be announced in due course.
BB-1 and BB-1z, an exploration step-out, is located south of Billingshurst, West Sussex, within the 300 km² PEDL234 licence, in which the Company has a 100% interest via its ownership of the licence’s operator, Kimmeridge Oil & Gas Limited (“KOGL”). (Source: OKOG)