Reach Exploration To Test Drill For Oil Onshore In Caithness

The Caithness Business Index has posted the following article:

Reach Exploration To Test Drill For Oil Onshore In Caithness

At a recent meeting of the Clyth Latheron and Lybster Community Council two representatives of Reach Exploration, Mr Miles Newman and Mr Phil Mason, addressed the meeting as to the future plans of the company's drilling and testing for oil to the immediate south west of Lybster. The company concentrates on what is considered to be the best places to drill but with a success rate of only one in three and only 50% of the one producing quantities of commercial value it is very much a high risk business. ... [Read Full Article]

Looks as if we may, I said may, have an answer to post Dounreay. Wish I had some land on the east coast....