Solo Oil expects decision on Horse Hill planning application in autumn 2017
Solo Oil announced that a decision on its Horse Hill planning application would be taken at one of the scheduled Surrey County Council Planning Committee's meetings in autumn 2017.
FTSE AIM All-Share
729.38
16:54 14/11/24
Oil & Gas Producers
7,938.55
16:38 14/11/24
Scirocco Energy
0.25p
16:35 16/05/24
Technology Hardware & Equipment
1,920.18
16:30 25/09/24
UK Oil & Gas
0.04p
16:55 14/11/24
HHDL, the operator of the Horse Hill license, had told Solo it had been notified by the SCC that a decision on whether to allow long-term production testing of Horse Hill-1 and the drilling of two further wells would be decided in August or September.
Solo owned 10% of HHDL, which had a 65% stake in the Horse Hill Petroleum Licences containing the HH-1 oil discovery, giving Solo a 6.5% interest in the licences, well and the discovery.
Horse Hill 1 is located approximately three kilometres from London's Gatwick airport, covering an area which spreads across up to 16 square kilometres in the southwest of license PEDL 137.
UK Oil & Gas and Solo were acting as technical partners to HHDL, the operator of the license.
Solo Oil shares were down -1.92% to 0.26p at 10:00 BST.