Losses rise at Egdon – preliminary results
Egdon Resources reported a £4.75m loss today, along with falling production and revenues.
UKOG buys into “irresistible” Turkish licence
The company behind oil drilling at Horse Hill in Surrey said this morning it had taken a licence stake in south east Turkey in the hope of “rapid monetisation” of reserves.
Oil company ordered to clear South Downs drilling site – again
Planners in the South Downs National Park have issued a second order to UK Oil and Gas to restore its site at Markwells Wood within six months.
Residents “delighted” at UKOG’s loss of access rights to Markwells Wood oil site
News that the oil exploration company, UKOG, has had no right of access to its well site at Markwells Wood in the South Downs since last year has been welcomed by local people and campaigners.
Reaction to Angus deal on Cuadrilla’s Balcombe licence
Angus Energy announced this morning that it would become the new operator of Cuadrilla’s Balcombe oil exporation site in West Sussex. The deal, giving Angus 25% of the PEDL244 exploration licence, will cost Angus £4m and has to be approved by the Oil and Gas Authority. Details DrillOrDrop […]
Go-ahead for Notts shale gas site delayed for third time
A legal agreement clearing the way for Nottinghamshire’s first shale gas site has been delayed for the third time, the County Council confirmed today.
Legal agreement on first Notts shale site delayed again
A legal agreement required for final planning consent at Nottinghamshire’s first shale gas site has been delayed for another month.
Environment Secretary urged to revoke lease on woodland oil drilling site in Surrey hills
The government is being urged to block a land agreement that will allow exploratory drilling for oil near the Leith Hill beauty spot in Surrey.
Andrew Austin quits IGas as company cuts 25% of workforce
The chief executive and co-founder of IGas, Andrew Austin, is stepping down from the board, the company announced this morning. It also gave details of cuts of more than 25% to its workforce and consultants.
Cuadrilla renews Balcombe lease for 30 years
Cuadrilla Resources Ltd has renewed the lease on its exploration site at Balcombe until 2043. The lease was signed with Simon Greenwood, owner of the Balcombe Estate, on September 26th, 3 days before the previous agreement expired. View the Land Registry document giving lease details: RegisterPlanWSX359771 News of the […]
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