One of the investors in the Wressle oil field in North Lincolnshire is lending £1m to another.
Tax relief has pushed the shale gas company, Cuadrilla, into profit, company accounts have revealed.
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.
UK Oil & Gas has announced it has raised £5m in a placing, prompting a sharp fall in the share price.
Funding for work at the Saltfleetby gas field in Lincolnshire has been agreed, it was announced this morning.
Angus Energy reports it has raised £1.5m in a placing of 150 million ordinary shares.
Egdon Resources reported a £4.75m loss today, along with falling production and revenues.
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 Energy is looking to borrow up to £12m to redevelop the Saltfleetby gas field in Lincolnshire.
UK Oil & Gas said today it would reperforate the Portland section of its first well at the Horse Hill oil site in Surrey.