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UKOG unveils drilling plans for Horse Hill and other UK onshore assets

UK Oil & Gas (UKOG) has unveiled its plans to drill up to nine production, appraisal and exploration wells during 2019 and 2020 across its assets, located onshore UK, including the Horse Hill field, which it aims to bring into permanent production.

Currently, going through the test-based oil production phase, the Horse Hill oil field is expected to enter into permanent production by the end of this year through the drilling of two new horizontal production wells, said UKOG. The company holds an operating stake of 46.7% in the onshore field located in the Weald Basin in Surrey.

 

Solo Oil PLC (LON:SOLO) is an investment company with the target of acquiring a diverse global portfolio of direct and indirect interests in exploration, development and production oil and gas assets, both on-shore and off-shore.

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