London's Gatwick Airport Oil Find Horse Hill Just Got Bigger

The pot of oil recently discovered near London's Gatwick Airport just got more sticky.

 

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An independent assessment of the Horse Hill well has estimated there could be about 271 million barrels of oil per square mile. That compares with a prior estimate in April of 158 million.

UK Oil & Gas, which has a 20% interest in the well, was up as much as 53% today. The company's CEO said the study "adds further weight to the potential significance of the HH-1 well and the potential of the Horse Hill licences.''

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