IGas 2020 accounts reveal cost of Covid-19
IGas saw revenue drop by nearly half last year following production cuts and a falling oil price during the Covid-19 pandemic.
Losses rise at Egdon – preliminary results
Egdon Resources reported a £4.75m loss today, along with falling production and revenues.
IGas reveals impact of Covid-19
IGas blamed the Covid-19 outbreak and a low oil price for falls in production and revenue, along with a rise in debt, in the first half of the year.
Losses widen at Union Jack Oil
Losses in Union Jack Oil more than doubled in the first half of 2020, compared with the same period last year.
UKOG buys into “irresistible” Turkish licence
The company behind oil drilling at Horse Hill in Surrey said this morning it had taken a licence stake in south east Turkey in the hope of “rapid monetisation” of reserves.
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.
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.
Egdon’s late life oil fields “unprofitable” at current prices
Egdon Resources has said it is cutting costs because low oil prices following the coronavirus outbreak have hit profitability in its fields.
Angus counts on production at Saltfleetby and Balcombe
Production at Angus Energy’s Saltfleetby gasfield and oil flow at Balcombe would “mark a turnaround in the group’s fortunes” and bring “material cash flow for the first time”, the company said today.
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
DRILL OR DROP? 