Solo oil4 Apr 2018 20:29
For our non-KL discoveries, our focus will be firmly upon Horse Hill Portland and Arreton on the Isle of Wight. In a similar fashion to the KL strategy, we already have Horse Hill planning permission and EA permits in place to enable us to test the Portland in HH-1 and drill the necessary HH-2 well. At Arreton, a well site is being secured, and planning/permit application prepared. In the success case, production will be achieved as soon as the regulatory system allows, but it is envisaged that Arreton will be drilled in 2019.
We will continue to review, rank, prune and add to our investment portfolio to ensure our resources are employed only on the most technically and economically viable projects. This process was recently evidenced by the removal of the offshore Isle of Wight P1916 from the portfolio due to low technical prospectivity and the selected drill site's environmental sensitivity.
Corporate
The above is from the UKOG RNS.