Union Jack Oil PLC (AIM:UJO) chair David Bramhill has highlighted that the West Newton project has confirmed substantial conventional onshore hydrocarbon discoveries, as the company detailed a number of findings of ongoing study at the project.
Analysis of both the West Newton A and West Newton B sites has confirmed thick reservoir development for the Kirkham Abbey formation – measured over 75 metres thickness in the WNA-1 well, 66.5 metres in the WNA-2 well, and 68 metres in the WNB-1z sidetrack.
Liquid hydrocarbons were recovered to surface at each well and samples were taken for analysis. At WNA-1 it was confirmed as 41 degree API oil, at WNA-2 it was light oil/condensate recovered to surface, measured to be 44 API and further analysis is taking place. For WNB-1z it was described to be liquid hydrocarbons with a similar geochemical fingerprint as WNA-2. Good quality gas was also recovered, and incinerated, at the WNA-2 and WNB-1z sites.
“In order to unlock the value potential at West Newton and across the PEDL183 licence, over the coming weeks a number of external studies will be conducted, encompassing a wide range of potential reservoir stimulation treatments, the results of which could be applied to the West Newton series of wells in order to achieve optimum flow rates,” David Bramhill said in a statement.
At the same time, the data gathered through testing has led to an updated view of the project’s estimated initially in-place resources.
The West Newton discoveries are estimated to have some 113.6mln barrels of liquids in place plus 50.6 billion cubic feet of gas.
The exploration potential – across the Ellerby, Spring Hill and Withernsea prospects respectively – was estimated to represent some 298.7mln barrels in place and 132.9bn cubic feet of gas.
The estimates were produced in-house by the project operator and are not estimated via a recognised industry standard, the company noted.