UK Oil & Gas Investments Plc (UKOG:AIM) New Research Note Just Released

AIM Listed UK Oil & Gas Investments Plc (UKOG) the investor and developer of UK domestic conventional oil and gas assets, has just uploaded a new research note published by XCAP

See the website for details at:

http://ukogplc.com/docs/default-source/default-document-library/uk-oil-gas---flash-note-31122013.pdf?sfvrsn=0

It follows UKOG's announcement of the 20th December 2013 concerning their farm in of the Horse Hill Project, a UK domestic Oil & Gas field located in the Weald Basin.

UKOG will buy a 7.5% interest in Horse Hill Development Ltd ("HHDL"), a special purpose company, that has the rights to a 65% participating interest and operatorship, in the high prospective UK onshore Horse Hill Oil Field in the Weald Basin. 

This year HHDL plans to drill a well to test a number of conventional stacked oil and gas targets which the board believes could contain up to an estimated 671 million stock barrels ("MMSTB") oil in place with an estimated total mean recoverable prospective resources of 87 MMSTB and additional prospectivity of 456 Bcf gas in place (Mean 164+ Bcf recoverable prospective resource) in the proposed Triassic gas play.

Magellan Petroleum Ltd MPET:NAQ owns 100% interest in Horse Hill Petroleum Exploration and Development Licence No. 137 “PEDL 137”, and HDDL has agreed with Magellan to acquire 65% interest of the field under certain contractual conditions, including the drilling of a 2,646m (8,680ft) Horse Hill 1 well by the end of August 2014. 

The Full RNS can be seen at 
http://irservices.netbuilder.com/ir/ukog/newsArticle.php?id=1088362&ST=UKOG

UKOG closed Friday at 0.825 p, market cap is circa 6.6 Million GBP