Angus Energy withdraws Balcombe application
Angus Energy reported this morning it has withdrawn a planning application to test its oil well at Balcombe in West Sussex.
IGas fracking site at Ince Marshes in doubt
Plans by IGas to drill and frack for shale gas on Ince Marshes in Cheshire appear to have been shelved.
Broadford Bridge planning decision delayed again
A bid by UK Oil & Gas plc to extend the life of its site at Broadford Bridge in West Sussex will now not be decided until at least July.
UKOG issues 637m new shares to fund cuts in the cost of oil production
The company behind oil production at Horse Hill in Surrey has raised £1.275m in a share placing to pay for cost cuts.
Picture post: West Newton-B site work
Investors in Rathlin Energy’s West Newton-B exploration site in East Yorkshire reported “good progress” today on the initial work.
West Newton-A: Permit changes approved
The Environment Agency has approved changes to the rules for a well test at the West Newton-A oil and gas site in East Yorkshire, partner companies reported this morning.
IGas demands answers on Ellesmere Port decision
Updated. IGas is demanding to know when the government will announce its decision on shale gas plans in Cheshire.
“Fracking moratorium more likely to be reversed by politics than science”
Updated 24 April 2020 The investment bank, VSA Capital, has hinted that politics, rather than science, could overturn the moratorium on onshore fracking in England.
UKOG issues 1.7 billion new shares in eight months
The number of shares in the onshore operator, UK Oil & Gas plc, has risen to 7.8 billion, up by more than a quarter since August 2019.
“Oil prices to remain low and very volatile”
The former head of BP and the fracking firm Cuadrilla has warned that oil prices will remain low for “some considerable time”.
DRILL OR DROP? 