Investors in Rathlin Energy’s West Newton-B exploration site in East Yorkshire reported “good progress” today on the initial work.
Shares in Angus Energy rose this morning as the company announced it had taken out a £1.4m loan with a property company.
Cuadrilla has confirmed that it has finished the flow test on its second horizontal shale gas well at Preston New Road, near Blackpool.
Angus Energy is expected to return to its West Sussex oil site at Balcombe next week, according to the parish council.
UK Oil and Gas, the major investor in the Horse Hill oil site in Surrey, has forecast that permanent production would be underway by next winter.
The leading company behind exploration at the Horse Hill oil site near Gatwick said total production from the flow test so far had reached nearly 14,000 barrels.
Updated 13 September 2018 Angus Energy is now expected to begin a long-awaited flow test of the oil well at Balcombe in West Sussex in the last week of September. But this date depends on the company meeting conditions set by the Environment Agency.
The first tanker of oil from the latest operations at the Horse Hill exploration site near Gatwick Airport has been sent to a refinery, UK Oil and Gas announced today.
Angus Energy has said the Oil & Gas Authority has approved its application to operate the Balcombe exploration licence, taking over from Cuadrilla.
Cuadrilla has applied for permission to store and handle oil at its exploration well site at Balcombe in West Sussex.