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
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.
Director Horse Hil Developments Ltd
W: www.horsehil dev.co.uk