Wressle flow test tops 500 barrels of oil per day
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.
More time for UKOG drilling at Horse Hill
Regulators have given UK Oil & Gas plc more time to drill at the Horse Hill site in Surrey, the company announced today.
UKOG share offer raises 10pc of target
An UK Oil & Gas share offer has raised just a tenth of the target funds, the company has reported.
Shares fall on news of UKOG £5m placing
UK Oil & Gas has announced it has raised £5m in a placing, prompting a sharp fall in the share price.
Alba exits Brockham licence
Alba Mineral Resources has disposed of its 5% stake in the Brockham oil licence in Surrey.
UKOG issues 262m shares to complete Horse Hill equipment purchase
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.
Union Jack seeks to “attract new investors” with share consolidation
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 raises £1.5m in share placing
Angus Energy reports it has raised £1.5m in a placing of 150 million ordinary shares.
West Newton target shows “insufficient reservoir development” – sidetrack drilling begins
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 to borrow £12m for Saltfleetby
Angus Energy is looking to borrow up to £12m to redevelop the Saltfleetby gas field in Lincolnshire.
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