Magellan Petroleum, the American company with an interest in the Horse Hill well near Gatwick, has commented on the announcement about huge quantities of oil in the Weald made by its partner UK Oil & Gas Investments.
The Horse Hill well near Horley in Surrey found oil in three unconventional rock formations, according to the results of analysis released yesterday. Anti-fracking campaigners say it confirms their suspicions about the site near Gatwick Airport.
Shale found at the Horse Hill well in Surrey is a world class source rock for oil, according to the new chief executive of the UK Oil and Gas, the company behind the operation.
The onshore oil and gas company, UKOG, announced today it is hiring a US specialist to assess the results from the Horse Hill well drilled last year near Horley in Surrey.
DRILL OR DROP? 