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.
As UK Oil & Gas publishes its latest results, DrillOrDrop reviews the company’s holdings, finances, plans and personnel.
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.
The UK’s biggest shale gas licence-holder declared a loss of more than £10m for 2017.
Egdon Resources has confirmed it has made a new planning application for its Wressle oil site near Scunthorpe.
IGas declared a profit of £15.5m in 2017, after two previous years of loss.
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.
Cuadrilla has accused some of the opponents of its shale gas operations in Lancashire of “irresponsible and intimidating behaviour”.
The largest holder of oil and gas acreage in south-east England is seeking to add to its assets.
Third Energy UK Gas Limited – the company behind fracking plans at Kirby Misperton in North Yorkshire – made a loss of £3.854m in 2015.