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.
£10m loss for Ineos shale gas company in 2017
The UK’s biggest shale gas licence-holder declared a loss of more than £10m for 2017.
New application for Wressle oil site and £0.85m half-year loss – Egdon accounts
Egdon Resources has confirmed it has made a new planning application for its Wressle oil site near Scunthorpe.
IGas back in profit predicts 2018 will be “a defining year”
IGas declared a profit of £15.5m in 2017, after two previous years of loss.
Fracking firm Third Energy records loss of £3.4m in delayed 2016 accounts
The company behind plans to frack at Kirby Misperton in North Yorkshire released its long-awaited 2016 accounts this morning, declaring a loss of £3.405m.
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