UKOG INDEPENDENT REPORT OF OIL IN PLACE AT HORSE HILL

UKOG today announced that NUTECH has provided the company with an independent report of the oil in place contained in the 55 square miles covered by Horse Hill licences PEDL 137 and PEDL246. UKOG has a 20.358% interest in the Horse Hill consortium.

The study details that the Horse Hill licences contain a best estimate of oil in place of 9.245 billion barrels. 

The above does not include the Portland Sandstones.

This is indeed good news. 

My disclosure: I am long UKOG