The site at the centre of a landmark legal challenge is seeking to produce more than 600,000 tonnes of oil over the next 20 years, releasing about two million tonnes of greenhouse gas emissions.
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.
Publication of plans to restart oil production at Horse Hill – suspended after a landmark Supreme Court ruling – is unlikely for several weeks.
The company behind the suspended oil site that is subject of a landmark Supreme Court ruling has reported declining assets and revenue.
UK Oil & Gas plc announced this morning it has submitted a revised planning application for its Horse Hill site , near Redhill, in Surrey.
The environmental campaigner who secured a landmark Supreme Court judgement on oil and gas emissions has won a prestigious international award.
The company behind the mothballed Horse Hill oil site in Surrey suspended share trading at 7.30am this morning because of delays to its annual report.
Detailed plans linked to long-term oil production and further drilling at Horse Hill in Surrey were withdrawn today by the site operator, officials confirmed.
Campaigners have questioned council officials about whether a “viable” planning application is likely for the Horse Hill oil production site in Surrey.
DRILL OR DROP? 