Rathlin gets more time to raise cash for West Newton drilling – annual accounts
The cash-strapped oil and gas company, Rathlin Energy, has won more time to secure funds to meet its drilling commitments.
Angus works with lender on takeover
The operator of the UK’s largest onshore gasfield is working with its lender on the potential takeover of production assets off the southern USA.
Star Energy increases stake in geothermal group
Star Energy announced this morning it had acquired a further 20% of the geothermal company, A14 Energy Limited.
Funding shortfall casts doubt over Rathlin Energy’s future
Rathlin Energy does not have enough money to meet its drilling and abandonment commitments in East Yorkshire, according to annual accounts published today.
Carbon footprint of West Newton gas “significantly lower” than UK average – report
Potential gas production from two sites in East Yorkshire would have a significantly lower carbon footprint than the UK average, according to new estimates.
Horse Hill production fall hits UKOG revenue
Falling production at the Horse Hill well in Surrey cut revenue for UK Oil & Gas plc last year.
Cuadrilla cuts value of oil and gas assets
The only company to frack horizontal shale gas wells onshore in the UK has cut the value of its exploration assets.
Spending doubles at Cuadrilla but no plans for future “substantive expenditure”
Cuadrilla’s Australian owner spent more than £0.75m in six months in the UK in 2023, more than double the amount in the previous year. But the company has no plans for future “substantive expenditure” on UK shale gas.
Reabold announces £4.4m payment from Shell
Reabold Resources, a key investor in the West Newton oil and gas field in East Yorkshire, is to receive £4.4m from Shell in the coming days.
Profits down at Star Energy and Union Jack
Star Energy and Union Jack Oil have reported falling profits in interim accounts published this week.
DRILL OR DROP? 