The falling value of the Gatwick Gusher
The Gatwick Gusher oil well, once said to be of national significance, has been downgraded in value for the third time by its owner.
The Gatwick Gusher oil well, once said to be of national significance, has been downgraded in value for the third time by its owner.
UK Oil & Gas has announced plans to farmout work at its oil production site at Horse Hill in Surrey.
The main investor at the Horse Hill oil site in Surrey has announced plans for two new production wells.
UK Oil & Gas has said it could stimulate or sidetrack its second oil well at Horse Hill in Surrey to achieve long-term production.
UK Oil & Gas said today it would reperforate the Portland section of its first well at the Horse Hill oil site in Surrey.
No equipment to identify the source of formation water in the new well at Horse Hill was available in the UK or Europe until next month, the main investor in the Surrey site said today.
Shares in UK Oil & Gas plc fell 8% today following a statement on testing its new well at the Horse Hill site near Gatwick Airport.
The first horizontal well at the Horse Hill oil site near Gatwick Airport has been completed, UK Oil & Gas (UKOG) has announced.
The rig to drill new wells at the Horse Hill oil site in Surrey has been delivered.
Results of well testing at the Horse Hill oil exploration site in Surrey have exceeded expectations, the leading investor said this afternoon.