The future of Europa Oil & Gas Limited depends on production this year from the Wressle well in north Lincolnshire, the company’s accounts have revealed.
Shareholders in most UK onshore oil and gas companies could be forgiven for looking forward to the end of 2019.
The number of onshore oil and gas wells drilled in the UK in 2019 was up slightly on 2018, which was a 68-year low for the industry. This year, operators spudded (began drilling) four, or possibly five wells, depending on how you count your wells.
Shares in UK Oil & Gas plc fell 8% today following a statement on testing its new well at the Horse Hill site near Gatwick Airport.
Cuadrilla’s Australian investor has suggested that the shale gas company will be looking at new exploration sites next year.
UK Oil & Gas revealed details today of two proposed oil exploration sites on the Isle of Wight.
The chief executive of Third Energy, the Yorkshire gas production company, has resigned after just five months in the job.
Cuadrilla’s leading investor, AJ Lucas, has failed to raise its target in a recent share offer.
The shale gas company, Ineos, has installed new protest injunction notices at its proposed exploration site at Woodsetts in south Yorkshire.
At least 10 staff have said they have left the shale gas company, Cuadrilla, in the past few months.