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.
The largest investor in the Wressle oil field, Union Jack Oil, is seeking to enhance its image and attract a wider group of investors by reducing the number of shares in the company.
Angus Energy reports it has raised £1.5m in a placing of 150 million ordinary shares.