Hopes rise again for 'Gatwick Gusher' as oil flows to surface
by Sean Farrell from Environment | The Guardian on (#143MQ)
UK Oil & Gas Investments says the well has produced 463 barrels a day under its own pressure
Oil flowing easily from a well near Gatwick airport proves large quantities can be brought to the surface, bringing the prospect of an oil bonanza in Sussex closer, the company responsible for the site has said.
Shares in UK Oil & Gas Investments jumped more than 40% after it said oil had flowed to the surface under its own pressure at a rate of 463 barrels a day at Horse Hill in Sussex's Weald Basin. UKOG owns just over 20% of the licence for the HH-1 well.
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