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.
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.
Shares in Angus Energy rose this morning as the company announced it had taken out a £1.4m loan with a property company.
The gas production company, Third Energy, formerly owned by Barclays, has been released from a loan of more than £80m, according to its accounts.