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Horse Hill

Europe

Europa agrees deal over Holmwood prospect

Europa Oil and Gas and Union Jack Oil have joined other oil juniors on the PEDL143 licence in southern England, which hosts the Holmwood prospect, after signing a deal to acquire a stake in the project by partly funding future work programmes.

Oil & Gas

Horse Hill analysis estimates more than 10 billion barrels of oil

UK Oil & Gas (UKOG) said an independent analysis by Schlumberger has estimated 10.9billion barrels of oil could lie within 55miles of the PEDL137 and PEDL246 Horse Hill licences. The estimate follows on previous calculations made by Schlumberger last month. The analysis also builds on the previous petrophysical evaluation of Horse Hill-1 located in PEDL137 near to London Gatwick Airport.

Oil & Gas

Oil discovery made at Horse Hill-1

UK Oil and Gas (UKOG) said it has made a potential oil discovery at Horse Hill-1 although it failed to hit any further gas targets. The Horse Hill site, in the Weald Basin, sits just 3km from the Gatwick airport, and is thought to contain up to 87 million barrels of oil and a further 164 billion cubic feet of gas. The company said the well was successfully completed with a discovery in the Jurassic and has reached a total depth of 8,770 feet measured depth in rocks of pre-Triassic Palaeozoic age.