UK Oil & Gas plc (UKOG) recorded an impairment of £2.9 million of the Horse Hill-1 oil well near Gatwick Airport in Surrey. HORSE HILL The company’s annual review and accounts for the year ended 30 September 2022 states: “Following an impairment review carried out as at 30 September 2022, the net present value of […]
Tag: Horse Hill – Surrey
UKOG granted additional year for Horse Hill work programme
UK Oil & Gas plc (UKOG) said it had been granted a one-year extension to the agreed retention area work programme at Horse Hill oil field and its underlying Kimmeridge oil pool. DEADLINE The North Sea Transition Authority granted the extension for PEDL137 licence, allowing the company to drill a second Horse Hill Kimmeridge well, […]
Court ruling allows UKOG to continue oil production at Horse Hill
UK Oil & Gas plc said that a court ruling has allowed it to continue oil production at Horse Hill in Surrey for the rest of the field’s commercial life. COURT OF APPEAL The company added that the Court of Appeal had refused an appeal by Finch et al to overturn the December 2020 Judicial […]