Investors in the Horse Hill oil project, near Gatwick, are eagerly awaiting an update.
Trading has this morning been suspended in the listed Horse Hill stakeholders UK Oil & Gas Investments (LON:UKOG), Solo Oil (LON:SOLO), Doriemus (LON:DOR), Alba Minerals (LON:ALBA), Stellar Resources (LON:STG) and Evocutis (LON:EVO).
An announcement is expected shortly in relation to Horse Hill, according to stock market statements.
The Horse Hill well, drilled last year, made two discoveries.
There is the shallower conventional Portland oil discovery, which is earmarked for testing this year, and a larger unconventional ‘play opening’ discovery which could stretch across the region but requires a lot more investigation.