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Solo Oil PLC Horse Hill – Planning Permission Granted

Solo Oil PLC (LON:SOLO) has noted the announcement by UK Oil & Gas Investments PLC that the Surrey County Council’s Planning and Regulatory Committee granted planning permission to Horse Hill Developments Limited (“HHDL”), the operator of Horse Hill licences PEDL 137 and PEDL 246, to enable HHDL to carry out extended flow tests at Horse Hill-1 (“HH-1”), plus drill and test both a side-track from the existing HH-1 well and new borehole HH-2. The committee voted overwhelmingly in favour of HHDL’s planning application.

Along with the Environment Agency’s approval last month of all necessary permits, the Company can now proceed at the earliest opportunity with its Horse Hill appraisal programme.

Solo owns 10% of HHDL, which owns 65% of the Horse Hill Petroleum Licences containing the HH-1 oil discovery, and therefore a 6.5% interest in the licences, well and the discovery.

 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.