The weald-based drilling company, UK Oil & Gas, is seeking support for a share issue to fund new drilling in Turkey.
UK Oil & Gas plc announced today it had raised £2.2m to fund initial operations in its new interest in the Resan oil exploration project in Turkey.
IGas has announced redundancies, including the chief finance officer, in a £1m cost-cutting programme.
UK Oil & Gas said today it would reperforate the Portland section of its first well at the Horse Hill oil site in Surrey.
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No equipment to identify the source of formation water in the new well at Horse Hill was available in the UK or Europe until next month, the main investor in the Surrey site said today.
The moratorium on fracking, along with planning delays and weak commodity prices are a challenge for the future, Egdon Resources has concluded
Cuadrilla’s leading investor, AJ Lucas, has failed to raise its target in a recent share offer.
Union Jack Oil plc has raised £5m to press ahead with drilling plans at West Newton in East Yorkshire, the company announced this morning.
Third Energy Holdings Limited has announced it has sold its troubled onshore gas business, which includes well sites in North Yorkshire.