Horse Hill is a “talented but troublesome teenager”, says UKOG as it goes into the red
The Horse Hill oil field in Surrey, once described by its owner as world class, was likened today to a “talented but troublesome teenager”.
IGas 2020 accounts reveal cost of Covid-19
IGas saw revenue drop by nearly half last year following production cuts and a falling oil price during the Covid-19 pandemic.
Losses rise at Egdon – preliminary results
Egdon Resources reported a £4.75m loss today, along with falling production and revenues.
“Largely non-operational” Cuadrilla Resources declares £38m annual loss
The shale gas company, Cuadrilla Resources, has described itself as “largely non-operational” following the moratorium on fracking in England.
Europa Oil & Gas counts on Wressle as losses widen
Europa Oil and Gas saw pre tax losses rise markedly to £5.4m, its accounts for the year to July 2020 revealed today.
“Substantial losses” at Horse Hill
The operator of the Horse Hill oil site in Surrey made “substantial losses”, its latest accounts have revealed.
IGas reveals impact of Covid-19
IGas blamed the Covid-19 outbreak and a low oil price for falls in production and revenue, along with a rise in debt, in the first half of the year.
July 2020 headlines
You can keep up with the news here with our digest of headlines about UK fracking, shale and onshore oil and gas, updated daily.
Losses mount at IGas
IGas declared a pre-tax loss of £59.1m for 2019 in its group annual results published today. This was up from £25.1m in 2018.
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.
DRILL OR DROP? 