UK Oil & Gas Investments (UKOG), one of the companies with interests in the Horse Hill exploratory oil well near Horley, has announced it is to invest an extra £4m in the Weald basin in southern England.
They have also said they plan to return to Horse Hill for further testing “in the winter of this year”. UKOG chief executive, Stephen Sanderson, said, “If that’s successful, we’ll immediately go in and drill a horizontal production well in one of the Kimmeridge limestones. We’ll be shooting 3D seismic so that we’re able to plan to drill more and locate more horizontal wells.”
Read more on the Drill or Drop website.