If only fairy tales came true?7 Dec 2020 08:55
"We think we've found a very significant discovery here, probably the largest onshore in the UK in the last 30 years, and we think it has national significance," Stephen Sanderson, UKOG's chief executive told the BBC.
UKOG says that the majority of the oil lies within the Upper Jurassic Kimmeridge formation at a depth of between 2,500ft (762m) and 3,000ft (914m). Company analysis suggests the local area could hold 158 million barrels of oil per square mile