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Hydrocarbon shows from Broadford Bridge drilling 'pretty encouraging' - analyst Barney Gray

Oil and gas analyst Barney Gray talks through the announcement this morning from UK Oil & Gas Investments PLC (LON:UKOG) that gas has been found at the Broadford Bridge well in the Weald Basin.

UKOG’s licence area is on the southern flank of the basin and is described as a mirror image of the fault block at Horse Hill, host to one of the most important onshore discoveries of recent times.

Quick facts: UK Oil & Gas PLC

Price: 0.625 GBX

AIM:UKOG
Market: AIM
Market Cap: £46.21 m
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