Two shareholders in Angus Energy have called a general meeting in a bid to remove the managing director, Paul Vonk, from the board.
Europa Oil and Gas, the company behind oil drilling near the Leith Hill beauty spot in Surrey, announced this morning it was pulling out of the site.
Solo Oil has announced it is selling its direct interest in the Horse Hill oil exploration site in Surrey.
The largest investor in the Horse Hill oil well near Gatwick is seeking to change its company status.
Angus Energy confirmed this morning that its chairman transferred 39 million shares to a company that appears to be less than six months old with one officer, a 20-year-old Hungarian living in Poland.
Angus Energy – the company behind oil sites in southern England – announced today it was looking into transactions of shares held by its chairman. It also claimed oil at one of its sites was higher quality than Brent Crude.
The Weald-based exploration company, UK Oil and Gas Investments Plc, announced today it was considering raising funds.