Egdon shares rise 80%+ as it agrees to £27m takeover
Egdon Resources, the company behind the UK’s newest onshore oil producer, announced this morning it has agreed to a takeover by Petrichor Partners.
Egdon Resources, the company behind the UK’s newest onshore oil producer, announced this morning it has agreed to a takeover by Petrichor Partners.
The Gatwick Gusher oil well, once said to be of national significance, has been downgraded in value for the third time by its owner.
Onshore oil production in the UK in 2022 slumped to the lowest level since 1989.
Plans by Cuadrilla for a two-year delay in restoring its controversial fracking site near Blackpool were published today.
The gas network could accept potential supplies from UKOG’s proposed site in Surrey, the company said today.
Most people living near two proposed shale gas sites did not trust information from fracking companies, research has shown.
An oil company wants to truck radioactive liquid about 40 miles to dispose underground at a site near Dorking in Surrey.
Ineos Upstream, the company holding the largest number of shale gas licences in England, declared a loss of £3.679m in 2021. This was up more than 60% on the loss of £2.279m the year before.
Tax relief has pushed the shale gas company, Cuadrilla, into profit, company accounts have revealed.
The first of eight new horizontal wells to exploit the West Newton gasfield in East Yorkshire could be drilled within months, it was revealed today.