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UK Oil & Gas leads peers higher on Horse Hill potential

Wed, 18th Mar 2015 08:14

Shares in a number of AIM oil producers rose on Wednesday after an update on the Horse Hill discovery in the UK Weald Basin showed further potential oil pay.Horse Hill Developments Ltd (HHDL), which is part-owned by several UK-listed producers, said that ongoing well analysis of the Horse Hill-1 well found more oil in addition to the previously reported 102 feet of Portland sandstone gross oil pay.A further 407 net feet of potential oil pay exists within limestones and claystones of the Kimmeridge Clay, Oxford Clay and Middle Lias formations, it said.HHDL is a special purpose company that owns a 65% stake and operatorship of Licence PEDL 137 and the adjacent Licence PELD 246 in the UK Weald Basin. Magellan Petroleum owns the other 35% interest.UK Oil & Gas Investments (UKOG) owns a 30% direct interest in HHDL and a further 1.32% stake via its interest in Angus Energy.UKOG's chief executive Stephen Sanderson said: "The data and analyses to date give strong encouragement that the company has encountered something new and substantive in the Kimmeridge section of PEDL137 and PEDL246 to add to the HH-1 Portland sandstone oil discovery."Regency Mines, Alba Mineral Resources, Solo Oil, Doriemus and Stellar Resources also own smaller stakes in HHDL through direct and indirect interests.UKOG in particular, was trading up 5.4% at 0.901p in early deals.
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18 Oct 2016 11:42

Doriemus acquisition bearing fruit at Isle of Wight

(ShareCast News) - Oil and gas exploration and production investment company Doriemus was starting to see the fruits of its Angus Energy acquisition on Tuesday, as it confirmed that the UK Oil & Gas Authority executed the PEDL331 licence on 16 September. The AIM-traded firm said the start date of th

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17 Oct 2016 09:16

Horse Hill oil developers apply for further 'significant' drilling

(ShareCast News) - UK Oil & Gas and its partners in the Horse Hill Developments (HHDL) company drilling for oil close to Gatwick Airport, have applied for planning permission with Surrey County Council for a further round of drilling. The HHDL group, in which AIM peers Alba Minerals, Doriemus, Gunsy

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6 Sep 2016 08:57

Doriemus seeking to raise £0.9m in open offer

(ShareCast News) - UK-focused oil and gas exploration and production investment company Doriemus announced the launch of a three-for-10 open offer on Tuesday, to raise up to £0.87m before expenses. The AIM-traded firm said that under the offer, qualifying shareholders are being offered the opportuni

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9 Mar 2016 08:13

Horse Hill Produces Over 1,500 Barrels A Day After Third Flowtest

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2 Mar 2016 08:59

Horse Hill Participants Plug Well For Pressure Test As Flows Continue

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1 Mar 2016 10:30

Doriemus Shares To Be Cancelled From AIM And Move To ISDX (ALLISS)

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1 Mar 2016 08:43

Horse Hill Reports Combined Rate Of Production Of 1,360 Barrels A Day

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23 Feb 2016 09:11

Regency Mines Shares Rise After Buying Into Horse Hill Project (ALLISS)

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17 Feb 2016 07:55

Gatwick's Horse Hill oil well flows naturally

(ShareCast News) - Oil has continued to flow naturally from a discovery well near Gatwick Airport owned by a consortium of oil exploration companies, with the first two tankers of crude sent for refining. Following the announcement of Monday's initial flow using water, UK Oil & Gas (UKOG) said opera

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17 Feb 2016 07:33

Horse Hill Continues To Flow As First Oil Is Shipped To Refinery

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16 Feb 2016 10:39

WINNERS & LOSERS SUMMARY: Standard Chartered Shares Drop On Downgrade

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16 Feb 2016 08:16

Horse Hill Companies Soar As First Flowtest Results Beat Expectations

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16 Feb 2016 08:10

Sweet crude flows from Gatwick Airport oilfield

(ShareCast News) - First ever crude oil has flowed at encouraging levels from the Horse Hill discovery well being drilled in the Weald Basin near Gatwick Airport, as anti-fracking protests reconvened nearby. The AIM-listed companies with stakes in the PEDL137 onshore exploration licence, namely UK O

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8 Feb 2016 08:29

Horse Hill Partners Begin Eagerly-Awaited Flow Test

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4 Jan 2016 07:47

Horse Hill Partners Secure Final Approval For Eagerly-Awaited Flowtest

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