UK Oil & Gas chief executive Stephen Sanderson bought 985,221 shares in the company this month, at a price of 0.1015p per share, the company has confirmed.
The target of the Lidsey oil field in West Sussex is not where it was previously predicted, the operator said today.
Shares in IGas rose more than a third this morning on an announcement that the company had signed a memorandum of understanding with SSE Heath Networks on the development of a geothermal district heating project in Stoke-on-Trent.
Suspected damage to the target formation at Rathlin Energy’s West Newton-B site in East Yorkshire is limiting hydrocarbon flow, two of the partners said this morning.
Tests at the Wressle oil site in North Lincolnshire have exceeded flow rates of 500 barrels of oil per day, the operator, Egdon Resources said this morning.
Regulators have given UK Oil & Gas plc more time to drill at the Horse Hill site in Surrey, the company announced today.
An UK Oil & Gas share offer has raised just a tenth of the target funds, the company has reported.
UK Oil & Gas has announced it has raised £5m in a placing, prompting a sharp fall in the share price.
Alba Mineral Resources has disposed of its 5% stake in the Brockham oil licence in Surrey.
UK Oil &Gas has issued more than 262 million shares to pay the final instalment of the cost of surface production equipment at its Horse Hill oil site in Surrey.