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.
The leading company behind exploration at the so-called “Gatwick Gusher” oil site has said all the consents are now in place to allow extended flow testing to begin “shortly”.
