Fayed strikes oil millions from 'secret' oilfield

[Sweetpea]

Harrod's boss Mohamed al Fayed has won a stake in the proceeds of an oilfield in Surrey which had been pumping from under his land without his knowledge for 17 years.
High Court judge Mr Justice Peter Smith awarded the multi-millionaire nine per cent of the near £7,000,000 income from the tiny field since 2000 and the same percentage of future income.

The judge had heard that owners of the wells at Oxted, Surrey, did not tell Mr al Fayed what was happening beneath his Barrow Green Court and Barrow Green Farm.

The case relates to the Palmers Wood Oilfied, where three wells were drilled diagonally and pass under the Oxted Estate at a depth of at least 800ft.


Fayed strikes oil millions from 'secret' oilfield under his estate | Mail Online


Would you believe it? It just is not fair is it?

[Haqa]

Does the ownership of land confer title on the minerals beneath? I didn't think it did.

Otherwise there ought to be a lot of wealthy people who had coal mines under their houses.

H.