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UKOG boss looks ahead to crucial Horse Hill flow test

Stephen Sanderson, chief executive of AIM-listed UK Oil & Gas (LON:UKOG) says a flow test in the next few months will determine how much oil can be extracted from Horse Hill in the Weald Basin, Southern England. 

The test will be a key milestone for the project and be specifically designed to test the Kimmeridge limestone and Portland sandstone formations.

UKOG caused a stir in April after it claimed the Weald Basin – an area which spans Sussex, Surrey, Kent and Hampshire - may contain twice as much oil as already produced from the North Sea.

Solo Oil (LON:SOLO), Alba Mineral Resources (LON:ALBA) and Stellar Resources (LON:STG) - along with UKOG - are all part of the Horse Hill consortium.

 
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