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Horse Hill – what’s the timeline and what’s the upside for Alba, UK Oil & Gas, Solo, Stellar etc

Tom Winnifrith
Sunday 14 September 2014

The excitement is mounting at Horse Hill, the oil prospect near Gatwick. But what is the timescale and what is the upside. Soon and big! But caveat emptor.

The six companies involved (Stellar Resources, Regency Mines, Alba Minerals, UK Oil & Gas, Solo and Doriemus) announced that drilling had started on 3rd September and was targeting a total depth of 8,680 feet. As I understand it the first few hundred feet is drilling by one rig then a larger rig goes onto site. I have no idea when exactly that will happen but when it does the excitement begins as the larger rig can drill at such speed that the whole project will be completed within sixty days.

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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