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-   -   Oil Find Near Gatwick May Be 'World Class' (https://www.thisisbigbrother.com/forums/showthread.php?t=275385)

Crimson Dynamo 09-04-2015 07:36 AM

Oil Find Near Gatwick May Be 'World Class'
 
http://news.sky.com/story/1461413/oi...be-world-class

http://dippost.com/wp-content/upload...0309130207.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 09-04-2015 07:44 AM

Quote:

Originally Posted by LeatherTrumpet (Post 7690895)
http://news.sky.com/story/1461413/oi...be-world-class

http://dippost.com/wp-content/upload...0309130207.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 Fuck out of the EU.

arista 09-04-2015 07:44 AM

Wrong Place

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

Kizzy 09-04-2015 11:02 AM

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 09-04-2015 11:06 AM

:amazed: excellent news!

Kizzy 09-04-2015 11:17 AM

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 09-04-2015 11:19 AM

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

Kizzy 09-04-2015 11:24 AM

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 09-04-2015 11:26 AM

Quote:

Originally Posted by Livia (Post 7690954)
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 09-04-2015 11:27 AM

Quote:

Originally Posted by LeatherTrumpet (Post 7690961)
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 09-04-2015 11:30 AM

Quote:

Originally Posted by Livia (Post 7690963)
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 09-04-2015 11:32 AM

Quote:

Originally Posted by LeatherTrumpet (Post 7690971)
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. 09-04-2015 11:33 AM

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 09-04-2015 11:35 AM

Quote:

Originally Posted by Chewy (Post 7690974)
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 09-04-2015 11:42 AM

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

Ninastar 09-04-2015 11:44 AM

Quote:

Originally Posted by Livia (Post 7690954)
I wouldn't be surprised if Nicola Sturgeon claims this oil belongs to Scotland.

I actually just laughed out loud

Nedusa 09-04-2015 02:41 PM

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

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

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


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