Rathlin auditor resigns
The oil and gas company, Rathlin Energy, has announced it has changed its independent auditor.
Delayed UKOG accounts reveal £35m cut in value of oil assets
Long-awaited annual accounts for UK Oil & Gas plc show a £35m drop in the value of the company’s oil and gas assets.
Rathlin gets more time to raise cash for West Newton drilling – annual accounts
The cash-strapped oil and gas company, Rathlin Energy, has won more time to secure funds to meet its drilling commitments.
Doubts over Angus Energy future cashflows
The operator of the UK’s largest onshore gasfield is facing doubts over its ability to continue as a going concern.
Regulator extended Cuadrilla’s clean-up deadline
The industry regulator gave Cuadrilla more time to plug and abandon its shale gas wells at Preston New Road in Lancashire, DrillOrDrop has discovered.
Funding shortfall casts doubt over Rathlin Energy’s future
Rathlin Energy does not have enough money to meet its drilling and abandonment commitments in East Yorkshire, according to annual accounts published today.
Cuadrilla back in the red, value of shale gas assets to be cut
Cuadrilla’s Australian owner is to cut the value of UK shale gas exploration assets, following the reinstatement of the moratorium on fracking in England last year.
“Largely non-operational” Cuadrilla profits from tax relief
Tax relief has pushed the shale gas company, Cuadrilla, into profit, company accounts have revealed.
DRILL OR DROP? 