2019 – disappointing year for many onshore oil and gas investors
Shareholders in most UK onshore oil and gas companies could be forgiven for looking forward to the end of 2019.
Who drilled where in 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.
UKOG shares fall on news of Horse Hill well test
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 to examine licences in preparation for exploration, says partner
Cuadrilla’s Australian investor has suggested that the shale gas company will be looking at new exploration sites next year.
UKOG unveils Isle of Wight drilling plans
UK Oil & Gas revealed details today of two proposed oil exploration sites on the Isle of Wight.
Alan Linn quits Third Energy
The chief executive of Third Energy, the Yorkshire gas production company, has resigned after just five months in the job.
Cuadrilla investor fails to meet fundraising target
Cuadrilla’s leading investor, AJ Lucas, has failed to raise its target in a recent share offer.
Ineos posts new injunction notices at proposed Woodsetts shale gas site
The shale gas company, Ineos, has installed new protest injunction notices at its proposed exploration site at Woodsetts in south Yorkshire.
Key staff quit Cuadrilla as company scales down fracking site
At least 10 staff have said they have left the shale gas company, Cuadrilla, in the past few months.
OGA approves transfer of Saltfleetby to Angus
Angus Energy has outlined plans for the Saltfleetby gas site in Lincolnshire after approval of its acquisition of a 51% stake.
DRILL OR DROP? 