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.
UKOG accounts delayed again
The oil company at the centre of a landmark legal ruling on climate emissions has again delayed the publication of its annual report and accounts.
Horse Hill partner slashes value of investment
Alba Mineral Resources has cut by 94% the value of its stake in Horse Hill – the Surrey oil site at the centre of last year’s landmark Supreme Court judgement.
UKOG gets help to farmout Loxley drilling project
UK Oil & Gas (UKOG) has appointed a company to help farmout up to half its interest in the Loxley gas project in Surrey.
Updated: Shareholders challenge oil directors
Two directors of an oil firm have retired after “consultation with shareholders” and the entire board of a second company faces a call for its replacement.
Union Jack buys into German oil and gas
Union Jack announced this morning it was buying a 3% stake in Beacon Energy plc, an onshore oil and gas company with assets in Germany.
UK onshore oil and gas production in charts – May 2023
Extraction from the UK’s largest onshore gasfield rose 50% in May 2023, reaching record levels since the restart of production last year. Oil from the UK’s largest oilfield returned to levels before a pipe leak in March 2023.
Latest UK onshore oil production – October 2022
DrillOrDrop’s review of the latest UK onshore oil data for October 2022: the monthly volume of flared gas was the highest reported since records began six years ago
Revenue quadruples at Europa Oil & Gas
The Wressle production site in Lincolnshire has helped Europa Oil & Gas quadruple its annual revenues.
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