UKOG shares fall on £2m fundraising for Horse Hill
Shares in UK Oil & Gas closed down more than 4% on news that the company had raised £2m in a share placing, snapped up by a single investor.
Angus takes out £1.5m loan to pay for clean-up costs
Angus Energy has raised a £1.5m loan facility to pay for the costs of decommissioning oil and gas wells.
Licensing system criticised after two UKOG PEDLs extended
UK Oil & Gas confirmed today it had more time to drill in two southern England exploration licences, where no work has yet been carried out.
UKOG to increase share of Horse Hill oil licences
UK Oil & Gas plc reported today that it intended to increase its stake in the Horse Hill exploration licences in Surrey.
Angus conference call: “Kimmeridge oil not mature at Brockham”
The Kimmeridge formation at Brockham in Surrey is unlikely to generate significant volumes of oil because it isn’t mature, investors were told this evening.
Angus looks to sell Brockham after sidetrack found “uncommercial” without fracking
Angus Energy has said it is in talks to sell its stake in an oil production licence in Surrey after revealing that a controversial sidetrack well was unlikely to flow commercially without extra stimulation.
Angus raises £3m for new acquisition and Weald operations
Angus Energy announced today it had raised just over £3m in a placing of more than 70 million new shares.
