Loss of Bury Hill Wood pushes Union Jack 2018 deficit over £1m
The onshore oil and gas company, Union Jack Oil has announced a loss of £1.1m in its accounts for 2018, published today. This compares with a deficit of £0.75m in 2017.
Third Energy sells onshore gas business
Third Energy Holdings Limited has announced it has sold its troubled onshore gas business, which includes well sites in North Yorkshire.
IGas Springs Road shale gas well reaches total depth – company accounts reveal £21m loss
IGas has confirmed its first shale gas well at Springs Road in north Nottinghamshire has reached its total depth of 3,500 metres and encountered all three targets.
Losses in Europa rise to £2.8m with loss of Bury Hill Wood
The exploration company behind failed plans to drill for oil near Leith Hill in the Surrey Hills has announced an annual loss of £2.88m. This is up from a loss of £721,000 in the previous 12 months.
Council urged to refuse extra time for Rathlin Energy drilling plans
Campaigners against drilling for oil and gas in East Yorkshire are urging councillors to refuse permission for another three years at a well site in the county.
Rathlin Energy’s £33.9m debt “casts doubt” over company viability – accounts
The exploration company, Rathlin Energy, owed nearly £34m, according to annual accounts published yesterday (7 November 2018).
Third Energy’s accounts reveal “financial melt down”, say campaigners
The government should refuse consent for Third Energy’s fracking plans in North Yorkshire, campaigners said this morning in response to publication of the company’s annual accounts.
Fracking company’s accounts are late again and loan rises to £16.9m
The company behind fracking plans at Kirby Misperton in North Yorkshire is again overdue with its annual accounts. It has also increased its loan from Barclays by £1.5m.
June 2018 drilling headlines
June 2018 sees the opening of the inquiry into the Ineos scheme to explore for shale gas in the Derbyshire village of Marsh Lane, plus plans for a blockade of Cuadrilla’s Lancashire fracking site.
Centrica payment puts Cuadrilla in profit
The shale gas company, Cuadrilla, has recorded an annual profit for the first time following a multi-million dollar payment from partner, Centrica.
DRILL OR DROP? 