UKOOG comment on test results from Horse Hill exploration well
9 April 2015
Ken Cronin, Chief Executive of UKOOG said: “We have been drilling for oil and gas onshore in the UK for over 100 years. There are a number of sites in the South of England that have been producing oil for many years with great care for the environment and with no impact on local communities.
"These initial results suggest a very large volume of oil in place, which could potentially help to stem the rise in oil imports and improve Britain’s energy security and balance of payments. Further appraisal work will be needed to test what could be economically and technically recoverable.”
Newgate Communications: Deborah Saw/ Jason Nisse
Notes to Editors:
For more details, the press release from UK Oil & Gas Investments PLC, a UKOOG member, can be found here http://irservices.netbuilder.com/ir/ukog/newsArticle.php?id=1452959&ST=UKOG
UKOOG is the representative body for the UK onshore oil and gas industry, including exploration, production and storage. The organisation's objectives are to enhance the profile of the onshore industry, promote better and more open dialogue with key stakholders, deliver industry wide initiatives and programmes and to ensure standards in safety, the environment and operations are maintained to the highest possible level. Membership is open to all companies active in the onshore industry including those involved in the supply chain.