Member Article

Green light for flow test at Gatwick oil site

The Oil and Gas Authority has approved plans for an extended flow test over three separate intervals in the Horse Hill-1 (“HH-1”) oil discovery well near Gatwick Airport.

The HH-1 discovery well, drilled at the end of 2014, is located within onshore exploration Licence PEDL137, on the northern side of the Weald Basin near Gatwick Airport.

UK Oil and Gas Investments holds a 30 per cent stake in Horse Hill Developments, whilst Doriemus PLC, Stellar Resources PLC, Solo Oil PLC and Alba Mineral Resources PLC each hold 10 per cent stakes in Horse Hill Developments. Evocutis PLC holds a 2 per cent stake and the balance is owned by Angus Energy, in which UK Oil & Gas has a 6 per cent stake in which Solo Oil owns a 6.5 per cent interest.

Neil Ritson, Solo’s Chairman commented: “We are pleased that consent to flow test the HH-1 discovery well has now been agreed by all relevant authorities. The results of the test will be important in determining the viability of a Portland oil development and will help to shape a development strategy. We hope that the test will also provide additional data on the Kimmeridge tight oil play in the Weald Basin.”

This was posted in Bdaily's Members' News section by Ellen Forster .