Oil Find Near Gatwick May Be 'World Class'

[Crimson Dynamo]

http://news.sky.com/story/1461413/oil-find-near-gatwick-may-be-world-class

http://dippost.com/wp-content/uploads/2014/03/aa_picture_20140226_1671284_high-1-jpg20140309130207.jpg


The estimated size of an oil find near Gatwick Airport has been upgraded to 100 billion barrels, though extraction may be limited to just 3% of the total.

The surprise announcement was made by UK Oil & Gas Investments, which said the Horse Hill-1 well in the Weald Basin was now thought to hold 158 million barrels per square mile.

Stephen Sanderson, the CEO of UK Oil and Gas Investments described the find as "a possible world class potential resource" with the potential for "significant daily oil production."

He said: "Drilling the deepest well in the basin in 30 years, together with the ability to use concepts, techniques and technology unavailable in the 1980s, has provided new cutting-edge data and interpretations to comprehensively change the understanding of the area's potential oil resources."

More follows...

[kirklancaster]

http://news.sky.com/story/1461413/oil-find-near-gatwick-may-be-world-class

http://dippost.com/wp-content/uploads/2014/03/aa_picture_20140226_1671284_high-1-jpg20140309130207.jpg


The estimated size of an oil find near Gatwick Airport has been upgraded to 100 billion barrels, though extraction may be limited to just 3% of the total.

The surprise announcement was made by UK Oil & Gas Investments, which said the Horse Hill-1 well in the Weald Basin was now thought to hold 158 million barrels per square mile.

Stephen Sanderson, the CEO of UK Oil and Gas Investments described the find as "a possible world class potential resource" with the potential for "significant daily oil production."

He said: "Drilling the deepest well in the basin in 30 years, together with the ability to use concepts, techniques and technology unavailable in the 1980s, has provided new cutting-edge data and interpretations to comprehensively change the understanding of the area's potential oil resources."

More follows...

More reason to get the **** out of the EU.

[arista]

Wrong Place

Thats the airport thats getting the Extra New Runway
we get told it after the Election

[Kizzy]

Well well.... ;)

Aren't oil wells usually offshore?...
If it can be extracted safely we'll be pretty lucky, bye bye national debt. Here's hoping.

[Vanessa]

:amazed: excellent news!

[Kizzy]

Oh wait it's an American company and we have a conservative government about to be ousted.... watch for the oil rush as they sign away the land for a price before they slither away.

[Livia]

I wouldn't be surprised if Nicola Sturgeon claims this oil belongs to Scotland.

[Kizzy]

Well this oil doesn't belong to England either so now we're going to find out what other countries laying claim to your resources feels like.

[Crimson Dynamo]

I wouldn't be surprised if Nicola Sturgeon claims this oil belongs to Scotland.

Yes then we can sell it and give all the money to England


:fan:

[Livia]

Yes then we can sell it and give all the money to England


:fan:

Excellent. You're a defeated nation, you work for us now.

[Crimson Dynamo]

Excellent. You're a defeated nation, you work for us now.

It was just a ploy to get more concessions and it worked

roll on the next referendum which will be quite soon


:hehe:

[Livia]

It was just a ploy to get more concessions and it worked

roll on the next referendum which will be quite soon


:hehe:

Wasn't it clear that it was a one time, in or out referendum? You can't keep it going till you get the answer the minority wants. Anyhoo, the next referendum on Scottish independence should be for the English to decide.

[Scarlett.]

Isn't it about time we stopped bleeding earth for oil, and started worrying about the fact that in a decade or two, we're screwed if we don't have alternative fuel.

[Livia]

Isn't it about time we stopped bleeding earth for oil, and started worrying about the fact that in a decade or two, we're screwed if we don't have alternative fuel.

I agree. If ten percent of oil profit was ploughed back into researching alternative renewable energy we'd have an answer by now. Of course, that's not what the oil companies want.

[Kizzy]

There are already more than enough sources they just aren't profitable.

[Ninastar]

I wouldn't be surprised if Nicola Sturgeon claims this oil belongs to Scotland.

I actually just laughed out loud

[Nedusa]

Frack Off..........

This is fracking by the back door and will never happen...

About we told Big Oil to take a hike.....