News

May 11, 2009

Providence Resources Receives Better Than Expected Results From Its Latest Drilling At The SIngleton Oil field Onshore The UK

You can almost visualise the CEO of London and Dublin listed Providence Resources Tony O’Reilly Jnr throwing his hat in the air as he announced his latest drilling results. The company is pleased to announce, he said, that it has successfully brought the Singleton SNX-10 development well on to production with flow rates that considerably exceed the pre-drill estimate.

The Singleton SNX-10 development well was brought on to production towards the end of April following an initial clean up period. Well testing confirmed the SNX-10 well produced at an average rate of 250 bopd. The success of the well is substantially above the pre-drill estimate which was expected to be 150 bopd. Total Singleton field production is now 750 bopd or circa 950 boepd when the associated gas production is included.

On the face of it, an increase in production of this...