UK Oil & Gas (LSE:UKOG): Significant upgrade of the Horse_Hill_di...

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Saturday, 04/11/2015 4:57:10 AM

Saturday, April 11, 2015 4:57:10 AM

Significant upgrade of the Horse_Hill_discovery, UK Weald Basin

Significant upgrade of the Horse Hill discovery, UK Weald Basin (pdf, UK O&G)

"London quoted UK Oil & Gas Investments PLC (LSE AIM: UKOG) is pleased to announce that US-based Nutech Ltd ("Nutech"), one of the world's leading companies in petrophysical analysis and reservoir intelligence, estimate that the Horse Hill-1 ("HH-1") well in the Weald Basin has a total oil in place ("OIP") of 158 million barrels ("MMBO") per square mile, excluding the previously reported Upper Portland Sandstone oil discovery.

The Horse Hill licences cover 55 square miles of the Weald Basin in southern England in which the Company has a 20.36% interest."

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