Rathlin gets more time to raise cash for West Newton drilling – annual accounts
The cash-strapped oil and gas company, Rathlin Energy, has won more time to secure funds to meet its drilling commitments.
Angus update on lender talks and production
Angus Energy says its talks with its lender, Trafigura, are continuing over a proposed reverse takeover of US production assets and the revision of the loan repayment schedule.
Angus works with lender on takeover
The operator of the UK’s largest onshore gasfield is working with its lender on the potential takeover of production assets off the southern USA.
Cuadrilla owner refinances debt
Cuadrilla’s Australian owner has refinanced its debt, it announced this morning.
Horse Hill partner slashes value of investment
Alba Mineral Resources has cut by 94% the value of its stake in Horse Hill – the Surrey oil site at the centre of last year’s landmark Supreme Court judgement.
€25m loan for Star Energy
The UK onshore oil and gas company, Star Energy, has announced a new €25m loan.
Updated: UKOG abandons Turkish well test and announces new fundraising plans for Loxley
UKOG shares dropped more than a third today on news that the company had abandoned testing the Pinarova-1 well in Turkey. The company said it was “disappointed” that the well had not met its expectations.
George Lucan to step down as Angus Energy chair
The executive chair of Angus Energy, George Lucan, is to step down next month.
Saltfleetby gas production lifts profits at Angus Energy
Gas production at Saltfleetby in Lincolnshire helped to generate revenue of nearly £16.5m for Angus Energy in the six months to March 2023. This compared to £27,000 for the same period in 2022.
UKOG takes out £3m loan for drilling operations
UK Oil & Gas has announced it has secured a £3m loan to fund operations over the next 12 months.
DRILL OR DROP? 