The shale gas company, IGas, said today it could drill 80 wells by this time next year, with the “right government support”.
Stephen Bowler, who has been chief executive of IGas for the past seven years, is leaving immediately by mutual consent.
UK Oil & Gas has revealed that it has given up its licence to explore for hydrocarbons on the Isle of Wight.
Europa Oil & Gas has claimed its strongest interim financial performance for seven years, driven by oil production from the Wressle site in North Lincolnshire.
IGas has confirmed it has relinquished the Tinker Lane shale gas licence in Nottinghamshire and written off £10m in exploration costs. But the company said it was continuing to work with regulators and government to end the moratorium on fracking in England.
UK Oil & Gas plc has reported an operating loss of £1.02m for the six months to the end of March 2021.
Losses in Union Jack Oil more than doubled in the first half of 2020, compared with the same period last year.
IGas has been granted extra time for exploration work in six oil and gas licences awarded three years ago.