The impact of an operation to improve oil flows at one of the UK’s newest production wells has been revealed in the most recent data.
UK Oil & Gas has said one of its wells at Horse Hill in Surrey is being tested to find out whether recent work has successfully increased oil flows.
The rig used on work aimed at improving oil flows at the Horse Hill site in Surrey left this morning.
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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.
The company behind oil production at Horse Hill in Surrey has raised £1.275m in a share placing to pay for cost cuts.
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.