STG, UKOG, RGM, SOLO issues Horse Hill update

Stellar Resources, UK Oil & Gas, Regency Mines and Solo Oil note Horse Hill Developments Ltd said a planning application has been submitted to Surrey County Council seeking permission to conduct further significant appraisal testing and drilling at the Horse Hill-1 (HH-1) oil discovery.

The HH-1 oil discovery is located in Licence PEDL137, close to Gatwick Airport.

The HH-1 oil discovery achieved an aggregate stabilised flow rate of 1688 bopd from two Kimmeridge limestones plus the overlying Portland sandstone. The Company holds a 6.5% interest in PEDL137.