Alba Mineral Resources has disposed of its 5% stake in the Brockham oil licence in Surrey.
Annual UK onshore oil production has fallen to its lowest level since 2011.
Wells drilled at the Lidsey wellsite in West Sussex were probably on the edge of the oil reservoir, rather than the crest, the site operator has announced.
Two UK onshore companies announced today they were temporarily shutting-in some sites to cut production following falling oil and gas prices
Production at Angus Energy’s Saltfleetby gasfield and oil flow at Balcombe would “mark a turnaround in the group’s fortunes” and bring “material cash flow for the first time”, the company said today.
Angus Energy has raised a £1.5m loan facility to pay for the costs of decommissioning oil and gas wells.
Angus Energy announced today it had raised just over £3m in a placing of more than 70 million new shares.
Angus Energy has announced that equipment to isolate water zones in its oil well at Brockham in Surrey was ready to be shipped from the US.
UK Oil & Gas plc has announced that production has resumed from the Portland oil formation at Horse Hill in Surrey.
Keith Taylor MEP (second left) with opponents of oil drilling at the Horse Hill site near Horley. Photo: Office of Keith Taylor MEP Events in February 2019 and beyond about UK fracking, onshore oil and gas and campaigning.