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.
The executive chair of Angus Energy, George Lucan, is to step down next month.
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.
UK Oil & Gas has announced it has secured a £3m loan to fund operations over the next 12 months.
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.
DRILL OR DROP? 