Cuadrilla investor fails to meet fundraising target
Cuadrilla’s leading investor, AJ Lucas, has failed to raise its target in a recent share offer.
Union Jack raises £5m for new wells at West Newton and Biscathorpe
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 sells onshore gas business
Third Energy Holdings Limited has announced it has sold its troubled onshore gas business, which includes well sites in North Yorkshire.
Opposition to fracking targets large investors in shale gas exploration
The anti-fracking network, Reclaim the Power, is focusing its opposition next week on companies that finance shale gas exploration.
Angus Energy chairman resigns over shares transfer
Angus Energy has announced that Jonathan Tidswell-Pretorius has stepped down as its chairman following recent disclosures over share transfers.
Angus explains Lidsey oil disappointment and compares Kimmeridge to leading US oil field
Angus Energy has given more details about problems at its Lidsey oil site near Bognor Regis in West Sussex. It also likened one of Lidsey’s source rocks to the Bakken oil field in North Dakota.
Lidsey oil production flow rates below expectation – Angus statement
Angus Energy has announced initial flow rates of 40 barrels of oil per day at its horizontal production well at Lidsey in West Sussex. Five months ago, Angus predicted a sustained 400 barrels a day at Lidsey (interview with IG Analysis).
UKOG confirms talks with potential new investors for Broadford Bridge
UK Oil and Gas Investments – the company with interests at Horse Hill, Broadford Bridge and Markwells Wood – has confirmed it is meeting with potential new institutional investors.
INEOS adds to shale gas licence holdings
INEOS has increased its onshore exploration licence area in the UK to more than 1.2m acres, it announced this morning
Horse Hill update: March, money, Greens and policing
Campaigners against oil exploration at Horse Hill near Gatwick are planning a march and mass cycle to the site next week.
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