100 Million Or 100 Billion – How Large Is The Gatwick Oil Deposit?

Two months ago, UK Oil and Gas Investments (UKOG) said it had found up to 100 billion barrels of oil beneath a field near London’s Gatwick Airport, causing its share price to shoot up. A week later, the company backtracked, saying that maybe there wasn’t as much oil in the deposit as it thought, known as the Horse Hill-1 oil field. The stock took a modest hit.Now two Houston consultants have raised estimates of what lies beneath the Weald Basin. Two weeks ago the oil services company Schlumberger said that Horse Hill has 271.4 million…

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100 Million Or 100 Billion – How Large Is The Gatwick Oil Deposit?

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