energy B deal on Horse Hill
energy B has announced an agreement that would give it total control of the suspended Horse Hill oil site in Surrey.
energy B has announced an agreement that would give it total control of the suspended Horse Hill oil site in Surrey.
The decision on plans for drilling and long-term oil production at the Horse Hill oil site in Surrey is unlikely to be made this year (2026).
Shareholders in energy B have approved the company’s plans to acquire the majority stake in the Horse Hill oil site in Surrey.
Reabold Resources has offered to buy Union Jack Oil, both companies confirmed this morning.
UK Oil & Gas is selling its stake in the troubled Horse Hill production site and licence, the company’s last remaining hydrocarbon interest.