As UK Oil & Gas publishes its latest results, DrillOrDrop reviews the company’s holdings, finances, plans and personnel.
UKOG has confirmed it has abandoned its Markwells Wood site in the South Downs National Park. It has also given details of plans to drill nine new wells in southern England in the next two years.
A residents’ group in the South Downs is reporting that UK Oil & Gas is pulling out of its exploration site at Markwells Wood.
Planners in the South Downs National Park have issued a second order to UK Oil and Gas to restore its site at Markwells Wood within six months.
The largest investor in the Horse Hill oil well near Gatwick is seeking to change its company status.
Opponents of oil drilling in Sussex and Surrey launched a crowd funding appeal this morning to challenge the High Court injunction against protesters sought by UK Oil and Gas Investments.
Opponents of oil drilling in southern England have claimed victory after an exploration company dropped what they described as “the most draconian” clause in an injunction against protests.