Solo says that its technical alliance partner in the Horse Hill discovery in the UK Weald Basin, UK Oil and Gas Investments plc, has released a significant further update based on the technical work being conducted by UKOG on behalf of Horse Hill Developments Limited in alliance with Solo and NUTECH Ltd.

UKOG has announced that it has discovered a potentially significant Jurassic petroleum resource in the UK's onshore Weald Basin within the Horse Hill Licences. This is in addition to the previously reported Upper Portland oil discovery in which the Solo has a 6.5% interest.

US-based Nutech, one of the world's leading companies in petrophysical analysis and reservoir intelligence, estimate that the Horse Hill-1 (HH-1) well indicates a total oil in place of 158 million barrels of oil per square mile, excluding the previously reported Upper Portland Sandstone oil discovery.

Tags: Solo Oil