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UK Oil & Gas PLC

UKOG chief: Horse Hill "on the edge of being commercial"

UK Oil and Gas (LON:UKOG) chief executive Stephen Sanderson tells Proactive that the recent testing from the Horse Hill project in Surrey were “more than encouraging and really beyond my most optimistic prediction”.
Today, the company confirmed that the oil flows from the Horse Hill discovery well, near Gatwick airport, continued at a stable rate above 456 barrels per day after testing resumed on Tuesday.
“This is, I think, going to be categorized as the best well from the UK in the last 15 years,” Sanderson says, adding that project is bordering "on the edge of being commercial".

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Market: AIM
Market Cap: £66.25 m
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