West Newton: New drilling and testing plans plus £4.7m fundraising
Another well at Rathlin Energy’s West Newton-B site is due to be drilled in the second half of 2021, according to an update to shareholders today.
Angus Energy raises £1.5m in share placing
Angus Energy reports it has raised £1.5m in a placing of 150 million ordinary shares.
Expansion and long-term production planned at East Yorkshire well site
Rathlin Energy has revealed proposals to add six new wells at its West Newton A wellsite in Holderness and seek consent for 25-years of production. In a short statement on its website, the company said it planned to drill, test and produce from up to six new wells. […]
Union Jack raises stake in Biscathorpe
Union Jack Oil is spending £1m to become the largest investor in the Biscathorpe oil licence in Lincolnshire.
Ineos suspends key part of Antwerp chemical facility
Ineos has postponed a controversial scheme to build Europe’s biggest propylene factory in the Port of Antwerp.
Details on new production wells and water reinjection at Horse Hill – UKOG
The main investor at the Horse Hill oil site in Surrey has announced plans for two new production wells.
Updated: Formal approval of UKOG’s Turkish acquisition
UK Oil & Gas plc announced this morning its 50% acquisition in the Basur-Resan oil licence in south east Turkey has been officially approved. The company said it was now a named party on the licence.
Losses rise at Egdon – preliminary results
Egdon Resources reported a £4.75m loss today, along with falling production and revenues.
Work underway at Wressle oil production site
A workover rig has been delivered to Egdon Resources’ Wressle oil site in North Lincolnshire to prepare the well for production.
IGas “excited about green energy revolution”
The oil and gas producer, IGas, has said it is looking forward to making a “material contribution” to the green energy revolution.
DRILL OR DROP? 