One of the targets of the West Newton-B exploration site in East Yorkshire contained “insufficient reservoir development”, partners in the project announced this morning.
Angus Energy is looking to borrow up to £12m to redevelop the Saltfleetby gas field in Lincolnshire.
Union Jack Oil has raised £7m for work at oil sites in the East Midlands and future acquisitions.
Redundant oil and gas wells could be used for geothermal energy, the would-be fracking company, IGas, said in an announcement this morning.
The company behind oil drilling at Horse Hill in Surrey said this morning it had taken a licence stake in south east Turkey in the hope of “rapid monetisation” of reserves.
The company behind oil production at Horse Hill in Surrey has raised £1.275m in a share placing to pay for cost cuts.
The number of shares in the onshore operator, UK Oil & Gas plc, has risen to 7.8 billion, up by more than a quarter since August 2019.
UK Oil & Gas, the company behind the Horse Hill oil site in Surrey, has issued a total of 348 million shares in the past week.
The future of Europa Oil & Gas Limited depends on production this year from the Wressle well in north Lincolnshire, the company’s accounts have revealed.
Shareholders in most UK onshore oil and gas companies could be forgiven for looking forward to the end of 2019.
