Europa Oil and Gas and Union Jack Oil have joined other oil juniors on the PEDL143 licence in southern England, which hosts the Holmwood prospect, after signing a deal to acquire a stake in the project by partly funding future work programmes.
The companies behind The well drilled on the Horse Hill oil project near Gatwick Airport said has been temporarily plugged to carry out a pressure test.
UK Oil & Gas Investments is looking to the potential of its Horse Hill project near Gatwick Airport as it reported a wider pretax loss, despite growth in revenue.
The oilman who proclaimed that the so-called Gatwick Gusher would yield multiple billion barrels of oil has enjoyed this week's positive news from producer UK Oil and Gas Investments that the Horse Hill prospect is coming good.
