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Oil and Gas

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.

16Jun 2017

UK Oil & Gas Inv PLC (AIM:UKOG) PEDL234 Licence, Weald Basin, UK

Drilling Update at 100% Owned Broadford Bridge-1 Kimmeridge Exploration Well

UK Oil & Gas Investments PLC (London AIM and NEX: UKOG) announces that it has now drilled and cased-off the 12¼ inch hole section of its 100% interest Broadford Bridge-1 (“BB-1”) exploration well. BB-1 has reached a measured depth of over 830 metres and is now drilling ahead in 8½ inch hole towards the objective.

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