UKOG shares dropped more than a third today on news that the company had abandoned testing the Pinarova-1 well in Turkey. The company said it was “disappointed” that the well had not met its expectations.
Two directors of an oil firm have retired after “consultation with shareholders” and the entire board of a second company faces a call for its replacement.
The Wressle oil field in North Lincolnshire earned Europa Oil & Gas £5.3m in the past year, the company reported this week.
The workover of the well at the UK’s newest producing onshore oilfield has been “successfully concluded”, one of the partners reported today.
Egdon Resources, the company behind the UK’s newest onshore oil producer, announced this morning it has agreed to a takeover by Petrichor Partners.
Opponents of plans to explore for gas near the Surrey village of Dunsfold take their case to the Royal Courts of Justice next week.
The gas network could accept potential supplies from UKOG’s proposed site in Surrey, the company said today.
Angus Energy has said the drilling of a sidetrack at its Saltfleetby gas site has been extended by about 14 days.
Angus Energy reported today it has raised £7.1m in a share placing and subscription.
Anti-fracking groups have welcomed confirmation from Downing Street that Rishi Sunak will reimpose the moratorium in England.
DRILL OR DROP? 