UK Oil & Gas plc has announced it has successfully shut-off the source of formation water that entered an oil well at its Horse Hill 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.
Horizontal drilling on the second oil exploration well at Horse Hill in Surrey is now underway, the main investor announced today.
UK Oil & Gas plc has announced the start of drilling at its Horse Hill site near Gatwick Airport.
The rig to drill new wells at the Horse Hill oil site in Surrey has been delivered.