Horse Hill Update

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	[phone]
Cairn Financial Advisers LLP James Caithie / Sandy Jamieson	[phone]
Peterhouse Corporate Finance Lucy Williams	[phone]

 

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