This is an HTML version of an attachment to the Freedom of Information request 'Horse Hill request for information'.

Oil & Gas Authority
21 Bloomsbury Street
London WC1B 3HF

28th March 2018


Confirmation of Sufficient Contingency Funds

Further to your letter of 26 March 2018 on this subject to
, the Horse Hil  Developments
Ltd (HHDL) Board of Directors hereby confirms that HHDL has sufficient insurance policies in place to
cover the re-completion and extended wel  testing of the Horse Hil -1 (LR/24-4) well.

This insurance is
, arranged through

 which  covers  the  fol owing

1.  Property  damage:  all  risks  of  physical  loss  or  physical  damage  to  property  and  equipment  at  the
Broadford Bridge-1 well site, including to/from the site.

2.  Operator’s  extra  expense:  cost  of  well  control  (making  wel   safe  in  the  event  of  an  uncontrol ed
release  of  hydrocarbons),  cost  of  redril ing  and  restoration,  clean-up  of  any  pollution  seepage  or

3.  Public,  pol ution  and  products  liability:

HHDL’s insurance policy runs from 1 August 2017 to 1 August 2018. Insurance funding will be available
immediately  should  an  event  or  events  arise.  HHDL  wil   routinely  renew  our  insurance  policies  on  1
August 2018.
I hereby further confirm that the above insurance policies cover al  the events that might arise from the
Horse  Hil -1  extended  well  testing  activities  for  which  we  are  seeking  OGA  consent.  It  is  HHDL’s
considered opinion that the funds for such unexpected events is sufficient in the circumstances.

HHDL has the funds necessary to cover the above insurance policy deductibles.

Yours Sincerely,

Director Horse Hil  Developments Ltd

W: www.horsehil