UPL BOIL RBD – Wick Well Result

Corallian Energy Limited, operator of the Wick well located in the UKCS Block 11/24b (Licence P2235), has informed the Company that the target Beatrice sands, whilst present in the well, were water bearing.  The well has been drilled to a total depth of 1000m.

Accordingly, the well will now be plugged and abandoned.