Losses mount at IGas
IGas declared a pre-tax loss of £59.1m for 2019 in its group annual results published today. This was up from £25.1m in 2018.
Union Jack plans to pull out of licences where falling value pushes up annual loss
The exploration and production company, Union Jack Oil, is planning to withdraw from three licences in 2020 because of falls in their value.
Guest post: Cheshire campaigners win “major and decisive fracking battle”
With the government announcement last week to postpone its decision on plans at IGas’s Ellesmere Port site in Cheshire, a member of Frack Free Upton reflects on, and celebrates, the local campaign against the onshore gas industry.
North west shale write-offs push up losses as IGas focusses on East Midlands
Losses in IGas more than doubled in 2019 to more than £50m as the company turned its back on shale exploration in north west England, annual accounts have revealed.
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.
Egdon faces joint threat of fracking moratorium, delays and low gas prices
The moratorium on fracking, along with planning delays and weak commodity prices are a challenge for the future, Egdon Resources has concluded
Cuadrilla profits fall in “relentless and exhilarating year”
Cuadrilla saw profits drop by a third in 2018, according to annual accounts published this week.
Loss of Bury Hill Wood pushes Union Jack 2018 deficit over £1m
The onshore oil and gas company, Union Jack Oil has announced a loss of £1.1m in its accounts for 2018, published today. This compares with a deficit of £0.75m in 2017.
Company profile: UK Oil & Gas plc
As UK Oil & Gas publishes its latest results, DrillOrDrop reviews the company’s holdings, finances, plans and personnel.
Losses in Europa rise to £2.8m with loss of Bury Hill Wood
The exploration company behind failed plans to drill for oil near Leith Hill in the Surrey Hills has announced an annual loss of £2.88m. This is up from a loss of £721,000 in the previous 12 months.
