AJ Lucas Group
(ASX:AJL) says that Angus Energy - as the operator of the Balcombe licence, reports the well test of the Balcombe-2Z’s Kimmeridge Layer as having naturally flowed at 853 barrels of oil per day equivalent, not including 22.5 per cent water.
The Balcombe Field Discovery, which encompasses the Balcombe licence, is considered to be in the ‘sweet spot’ of England’s Weald Basin given the 568 metre thickness and highest maturity of the Kimmeridge Layers.
The Balcombe licence operations are performed conventionally through the naturally fractured Kimmeridge layers without a need for hydraulic fracturing or “fracking”.
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(ASX:AJL) are trading flat at $0.21.
