Gunsynd PLC Horse Hill Update (6841I)
23 März 2018 - 8:00AM
UK Regulatory
TIDMGUN
RNS Number : 6841I
Gunsynd PLC
23 March 2018
Gunsynd plc
("Gunsynd" or the "Company")
Horse Hill Update
Gunsynd is pleased to announce that it has been informed by
Horse Hill Developments Ltd ("HHDL"), the operator of Horse Hill
licenses PEDL137 and PEDL246, containing the Horse Hill-1 ("HH-1")
oil discovery, that it has now received final decision notices from
Surrey County Council ("SCC"), discharging all of the
pre-commencement conditions.
This follows the planning approval in November 2017 by SCC's
Planning and Regulatory Committee to enable HHDL to carry out
extended flow tests at HH-1, plus drill and test both a sidetrack
from the existing HH-1 well and new well Horse Hill-2.
HHDL has received the necessary permission from the Environment
Agency and is now awaiting approval from the Oil and Gas
Authority.
Gunsynd holds a 2% interest in HHDL equivalent to a 1.3%
interest in the Horse Hill licences, PEDL137 and PEDL246, and the
Horse Hill oil discovery.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Gunsynd plc:
+44 (0) 20 7440 0640
Alastair Clayton
Nominated Adviser:
Cairn Financial Advisers LLP
+44 (0) 20 7213 0880
James Caithie / Sandy Jamieson
Broker:
Peterhouse Corporate Finance
+44 (0) 20 7469 0930
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDPGUWGWUPRPGP
(END) Dow Jones Newswires
March 23, 2018 03:00 ET (07:00 GMT)
Gunsynd (AQSE:GUN)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Gunsynd (AQSE:GUN)
Historical Stock Chart
Von Jul 2023 bis Jul 2024