Company behind failed Surrey oilfield project sells site at massive loss

The company behind the failed Horse Hill oilfield project in Surrey has sold the site at a significant loss. The company spent a substantial amount on the project, but sold it for just £1m, a fraction of its original investment. This sale is significant because it shows the risks and challenges associated with oil extraction in the area, which was previously ruled against by the supreme court in 2024.

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The new owners of the Surrey oilfield site are applying for permission to extract oil despite a landmark ruling from the supreme court in 2024. This development could lead to a renewed focus on oil extraction in the area, potentially affecting local

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