Clarification issued over massive British oil find

April 15, 2015 11:42 AM

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Clarification issued over massive British oil find

UKOG issues revision on oil find as large as 100 billion barrels.

U.K. Oil & Gas Investments said last week there may be as much as 100 billion barrels of oil onshore in the Horse Hill license area of the Weald basin in southern England. The company issued a statement aimed at clarifying "a number of points" about the discovery.

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