Losses rise at Egdon – preliminary results
Egdon Resources reported a £4.75m loss today, along with falling production and revenues.
Union Jack £1m loan for Wressle oil site – workover rig expected in New Year
Union Jack Oil announced this morning it is to lend £1m to Egdon Resources, the operator of the Wressle oil site in north Lincolnshire.
Angus to borrow £12m for Saltfleetby
Angus Energy is looking to borrow up to £12m to redevelop the Saltfleetby gas field in Lincolnshire.
UKOG announces plan to boost production from “Gatwick Gusher”
UK Oil & Gas said today it would reperforate the Portland section of its first well at the Horse Hill oil site in Surrey.
UKOG issues 1.7 billion new shares in eight months
The number of shares in the onshore operator, UK Oil & Gas plc, has risen to 7.8 billion, up by more than a quarter since August 2019.
Angus announces new £1.4m loan
Shares in Angus Energy rose this morning as the company announced it had taken out a £1.4m loan with a property company.
Third Energy “forgiven” £80m loan before sale, accounts reveal
The gas production company, Third Energy, formerly owned by Barclays, has been released from a loan of more than £80m, according to its accounts.
UKOG issues 1/3 billion new shares
UK Oil & Gas, the company behind the Horse Hill oil site in Surrey, has issued a total of 348 million shares in the past week.
OGA approves transfer of Saltfleetby to Angus
Angus Energy has outlined plans for the Saltfleetby gas site in Lincolnshire after approval of its acquisition of a 51% stake.
Angus takes out £1.5m loan to pay for clean-up costs
Angus Energy has raised a £1.5m loan facility to pay for the costs of decommissioning oil and gas wells.
