Horse Hill operator declares £17.8m loss
The operator of the Horse Hill oil site in Surrey lost nearly £18m in the year to September 2020 –a more than 15-fold increase on the year before.
Shares fall on news of UKOG £5m placing
UK Oil & Gas has announced it has raised £5m in a placing, prompting a sharp fall in the share price.
Saltfleetby loan signed
Funding for work at the Saltfleetby gas field in Lincolnshire has been agreed, it was announced this morning.
Angus Energy raises £1.5m in share placing
Angus Energy reports it has raised £1.5m in a placing of 150 million ordinary shares.
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.
DRILL OR DROP? 