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.
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.
Horse Hill initial farm-in agreement extended
The majority owner of the Horse Hill oil field in Surrey has announced an extension to the initial farm-in agreement with the Texas-focused PennPetro Energy.
DRILL OR DROP? 