The onshore oil and gas company, Union Jack Oil has announced a loss of £1.1m in its accounts for 2018, published today. This compares with a deficit of £0.75m in 2017.
Europa’s scheme to drill for oil near a Surrey beauty spot took a small step forward yesterday with approval of another planning condition.
Supporters and opponents of a scheme to drill for oil in the Surrey Hills had their last chance today to persuade a planning inspector of their arguments.
An oil well in the Surrey Hills Area of Outstanding Natural Beauty could be the fifth biggest onshore producer in UK, according to Europa Oil and Gas.
The inspector at a public inquiry into plans to drill for oil in the Surrey Hills said this afternoon he was not confident the management of traffic to the site would work.
A hydrogeologist employed by Europa Oil and Gas said the risk of water contamination from a proposed exploratory drilling site in the Surrey Hills was essentially zero.
The public inquiry into plans to drill in the Surrey Hills heard this morning about the estimated volume and value of oil.