TIDMGUN

RNS Number : 1692Q

Gunsynd PLC

08 September 2017

Gunsynd plc

("Gunsynd" or the "Company")

Flow Testing and Further Drilling Permits Granted by Environment Agency Horse Hill Project, Weald Basin, UK

The Company announces that it has been informed by Horse Hill Developments Limited ("HHDL"), the operator of Horse Hill licences PEDL 137 and PEDL 246, containing the Horse Hill-1 ("HH-1") oil discovery, that the Environment Agency has granted the necessary permits to enable HHDL to carry out extended flow tests at HH-1, store any produced oil and to drill and test both a side-track from the existing HH-1 well and a new borehole HH-2.

In respect of HHDL's planning application for long-term production testing and further appraisal drilling, the Company has been informed by HHDL that Surrey County Council (the "Council") has confirmed that this application is now scheduled to be determined at October's meeting of the Council's planning committee. Members of the planning committee completed a scheduled visit to the Horse Hill site yesterday, 7 September, in preparation for the October meeting.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information please contact:

 
 Gunsynd plc 
  Hamish Harris                    +44 20 7440 0640 
 Cairn Financial Advisers 
  LLP 
  James Caithie / Sandy 
  Jamieson                         +44 20 7213 0880 
 Peterhouse Corporate Finance 
  Lucy Williams                    +44 20 7469 0930

This information is provided by RNS

The company news service from the London Stock Exchange

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September 08, 2017 02:00 ET (06:00 GMT)

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