Has Britain Just Discovered a New Oil Bonanza Under Southern England?

April 9, 2015 10:53 AM

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Britain may — and the keyword here is ‘may’ — have just discovered an oil resource to rival the North Sea, underneath the leafy shires of southern England.

Independent exploration company U.K. Oil and Gas Investments Plc said Thursday it had discovered a “world class potential resource” after drilling at its site at Horse Hill in the Weald Basin, just north of London’s second airport, Gatwick.

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