Primorus Investments PLC Horse Hill Update (6839I)
March 23 2018 - 3:00AM
UK Regulatory
TIDMPRIM
RNS Number : 6839I
Primorus Investments PLC
23 March 2018
Primorus Investments plc
("Primorus" or the "Company")
Horse Hill Update
Primorus 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.
Primorus holds a 5% interest in HHDL equivalent to a 3.25%
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:
Primorus Investments plc:
+44 (0) 20 7440 0640
Alastair Clayton
Nominated Adviser:
Cairn Financial Advisers LLP
+44 (0) 20 7213 0880
James Caithie / Sandy Jamieson
Broker:
Turner Pope Investments Limited
+44 (0) 20 3621 4120
Andy Thacker
This information is provided by RNS
The company news service from the London Stock Exchange
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