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The well, in the onshore Weald Basin, is being operated by Northern Petroleum and is expected to take about 31 days to drill and evaluate.
The Sandhills-2 drilling and evaluation program will assess the significance of oilshows that were intersected but not tested in the Sandhills-1 well drilled in 1982.
It also provides for the purchase of full hole core across the upper part of the Great Oolite Formation target, a complete suite of wireline logs and production testing of the target interval after drilling is completed.
Sandhills-2 is to be the first of three wells Magellan will take part in over the next 12 months.
It will return to the Great Oolite formation in the near future with plans for drilling programs in PEDLs 125 and 126, located in the Weald and Wessex basins. Those PEDLs are shared 50% with Northern Petroleum.
The ownership of Sandhills-2 is split between Northern Petroleum (57.5%), Magellan (22.5%), Oil Quest (7.5%), Black Rock (5%), Montrose Industries (5%) and Oil & Gas Investments (2.5%).