Solo Oil Plc Update on Horse Hill (5192K)
July 10 2017 - 2:05AM
UK Regulatory
TIDMSOLO
RNS Number : 5192K
Solo Oil Plc
10 July 2017
FOR IMMEDIATE RELEASE, Embargoed until 7.05 am 10 July 2017
SOLO OIL PLC
("Solo" or the "Company")
Update on Horse Hill, Weald Basin UK
Solo today announces that it has been informed by the operator,
Horse Hill Developments Limited ("HHDL"), that following
communications with the Surrey County Council ("SCC"), HHDL now
understands that the Horse Hill planning application will be
determined at the scheduled SCC Planning Committee meeting of
either August or September 2017. The planning application seeks
consent to long-term production testing of Horse Hill-1 well
("HH-1") and the drilling two further wells. HHDL's plans remain
unchanged, with flow testing expected to commence in Q4 2017.
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.
For further information:
Solo Oil plc
Neil Ritson / Dan Maling +44 (0) 20 3794 9230
Beaumont Cornish Limited
Nominated Adviser and
Joint Broker
Roland Cornish +44 (0) 20 7628 3396
Shore Capital
Joint Broker
Jerry Keen
Beaufort Securities
Joint Broker
Jon Belliss
Buchanan (PR) +44 (0) 20 7408 4090
Ben Romney / Chris +44 (0) 20 7382 8300
Judd / Henry Wilson +44 (0) 20 7466 5000
Glossary :
discovery a petroleum accumulation for
which one or several exploratory
wells have established through
testing, sampling and/or logging
the existence of a significant
quantity of potentially moveable
hydrocarbons
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This information is provided by RNS
The company news service from the London Stock Exchange
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