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Weald Basin

Oil & Gas

UKOG independent evaluation estimates billions of barrels in Weald basin

UK Oil and Gas (UKOG) said it has received an oil in place (OIP) evaluation from US specialist Nutech which shows more than 15 billion barrels of oil could lie within the Weald basin area. The company said it had asked Nutech to conduct its study over eight of the licence area in which it has interest in Southern England. Nutech estimated 15.7billion barrels could lie within three Jurassic shale and interbedded limestone tight oil plays underlying the eight licence areas in the Weald basin.

Oil & Gas

UK Oil & Gas receives oil studies from Xodus

UK Oil & Gas said it has received conceptual oil development studies from Xodus Group as part of its ongoing evaluation to explore the viability of the Jurassic Kimmeridge limestone tight oil play. The company has an interest in the 11 licences in the Weald and Purbeck-Wight Basins of Southern England. The conceptual studies are based on developing multiple potential sites in across the licences.