IGas talks to potential investor ahead of predicted breach of commitments
IGas said this morning it was having talks with a “potential strategic investor” as it headed towards a predicted failure to meet financial obligations.
Updated: What’s happening at Brockham oil site in Surrey?
Work is underway at Angus Energy’s oil site at Brockham, near Dorking, in Surrey. But the company appears reluctant to reveal details of what it is doing.
UKOG to drill West Sussex oil exploration well in next six months
UK Oil & Gas Investments has announced it plans to drill an exploratory oil well at Broadford Bridge, near Billingshurst, in the first half of next year.
Cuadrilla vows to put “Lancashire First” but picks first fracking site contractor from Gtr Manchester
Cuadrilla is pushing ahead with plans for fracking in Lancashire with the announcement of a contract for preparation work at one of its sites. It has also made six commitments to the county – if shale gas were produced locally.
Gas drilling in Somerset in two years, South Western Energy predicts
The head of the company which holds all the hydrocarbon exploration licences in Somerset has predicted he could be drilling a gas well in the county in two years.
Francis Egan on drilling in 2017, low gas prices, financing expansion and how many wells can you fit on a site
The chief executive of shale gas company, Cuadrilla, gave evidence last week to peers on his company’s operations, financing and plans for the future.
Investors watch share movements as IGas avoids covenants breach
IGas investors were watching share price movements this morning after news that the company would not breach its daily liquidity obligations this year.
Steel union backs UK fracking
The main steel union, Community, has backed the UK fracking industry saying it could support thousands of jobs in the supply chain.
Egdon and Celtique count on go-ahead for Wressle oil production in Lincolnshire
Two companies are banking on the approval of consent for oil production at the Wressle well in Lincolnshire and that it brings in expected revenues.
IGas in talks with bondholder Trans European Oil & Gas and new investors
IGas confirmed this morning it was having discussions with Trans European Oil & Gas, thought to be a leading holder of its secured debt.
DRILL OR DROP? 