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”.
Angus announces new £1.4m loan
Shares in Angus Energy rose this morning as the company announced it had taken out a £1.4m loan with a property company.
Drilling companies confirm work underway at West Newton-B
The oil and gas company, Rathlin Energy, has confirmed that it has started work at its second site in East Yorkshire.
Guest post: Cheshire campaigners win “major and decisive fracking battle”
With the government announcement last week to postpone its decision on plans at IGas’s Ellesmere Port site in Cheshire, a member of Frack Free Upton reflects on, and celebrates, the local campaign against the onshore gas industry.
DRILL OR DROP? 