E Midlands fracks could supply 3m homes in a year and be less prone to earthquakes- IGas
The shale gas company, IGas, said today it could drill 80 wells by this time next year, with the “right government support”.
IGas CEO leaves immediately
Stephen Bowler, who has been chief executive of IGas for the past seven years, is leaving immediately by mutual consent.
Union Jack shares fall on Wressle estimates
Shares in Union Jack Oil fell more than 20% on the publication of an assessment of the Wressle oil field in North Lincolnshire this morning.
UKOG share placing raises another £3m for operations in Turkey
Weald-based UK Oil & Gas plc (UKOG) announced this morning it has raised £3m to spend in Turkey.
Union Jack lends £1m to Europa Oil & Gas
One of the investors in the Wressle oil field in North Lincolnshire is lending £1m to another.
Union Jack reveals drilling plans and maiden profit
Union Jack Oil has revealed plans for two new wells next year, as it reported its first profit.
Latest UK onshore oil production – May 2022
DrillOrDrop’s review of the latest UK onshore oil data for May 2022: daily production at 30+ year low
Cuadrilla’s owner spent $1m+ in UK in 2021 despite operations “on hold”
The Australian owner of the shale gas company, Cuadrilla, spent $1.107m in the UK in 2021 (about £655,000 at current rates), even though its licences were “on hold” because of the fracking moratorium.
Angus Energy shares rise on Saltfleetby gas processing
Shares in Angus Energy rose 28% today on news that the company had begun processing wellhead gas from its B2 well at Saltfleetby in Lincolnshire.
Updated: IGas new Lincolnshire oil production site doesn’t need environmental survey – officials
IGas has revealed proposals for a new oil production site in Lincolnshire, which it says could extract 90,000 tonnes a year – but officials have said a detailed environmental study is not needed.
DRILL OR DROP? 