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.
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.