Angus Energy has raised £1.4m through a placing of 175m shares.
UKOG announced today it was considering changing its status from an investment company on the AIM junior stock exchange.
UK Oil and Gas Investments Plc announced this morning it was not seeking a time extension of an exploration licence, off the south west coast of the Isle of Wight.
Surrey County Council is standing by its position that Angus Energy does not have planning permission for oil production from a well at its Brockham site, despite an announcement of “final go-ahead” this morning.
Documents released yesterday confirm that council planners told Angus Energy that it did not have permission to drill a new side-track well at its Brockham site in Surrey.