Gunsynd has been informed by Horse Hill Developments Ltd that 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 oil discovery, 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 1.3% interest in PEDL137.
At 9:40am: (LON:GUN) Gunsynd Plc Ord 0.01p share price was -0.01p at 0.06p
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