Andrew Bell - Chairman - Regency Mines PLC #RGM
LSE Share Talk catch up with Andrew Bell to talk about Horse Hill Update - Upgrade to Portland Oil in Place RNS 19th July 2016.
o Petrophysical Analysis Increases Total Portland Horizon Oil in Place from 7.7 to 22.9 million barrels ("MMbbl") per square mile
o Petrophysical Model Revised Including Dry Oil Test Observations and Measurements
o Portland Flow Rates Expected to Increase Using Higher Capacity Pump
o Barton Wilmore to be Commissioned to Prepare and Submit Planning Application for Appraisal Program at Horse Hill
o Program will Seek to Test 3 Kimmeridge Limestone Zones Plus Portland for up to 360 Days, Drill Two Additional Appraisal Wells, and Acquire Additional 3D Seismic Data
Andrew Bell, Regency Chairman, comments: "The revised Nutech analysis has encouraging implications for potential recovery percentages and commercial viability. The economic potential of the Portland sandstone horizon appears much greater than previously thought.