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Investment Market News

17Jun 2017

Bid to tap into sea of oil beneath Downs which could raise millions

UP TO eight wells producing up to one million barrels of oil each could be created across the Sussex countryside if a firm is successful in uncovering a vast sea of oil stretching more than 20 miles.

UK Oil and Gas (UKOG) has begun drilling at Broadford Bridge and hopes to find evidence it is part of a huge continuous deposit stretching from its record-breaking site at Horse Hill.

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