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.
Angus announces new £1.4m loan
Shares in Angus Energy rose this morning as the company announced it had taken out a £1.4m loan with a property company.
North west shale write-offs push up losses as IGas focusses on East Midlands
Losses in IGas more than doubled in 2019 to more than £50m as the company turned its back on shale exploration in north west England, annual accounts have revealed.
IGas announces $35m investment and restructuring plan
The private equity company, Kerogen Capital, is proposing to invest US$35m in IGas, it was announced this morning. The deal depends on a restructuring of IGas’s bonds and may require approval from the Takeover Panel.
Guest Post: Why not look for shale gas under London?
Guest post by Nick Grealy As shale companies prepare to explore for gas in the East Midlands, North Yorkshire and Lancashire, would-be operator Nick Grealy says there’s a whiff of hypocrisy about why London – and other cities in the south – have been left out of the […]
DRILL OR DROP? 