Angus Energy – the company behind oil sites in southern England – announced today it was looking into transactions of shares held by its chairman. It also claimed oil at one of its sites was higher quality than Brent Crude.
The Weald-based exploration company, UK Oil and Gas Investments Plc, announced today it was considering raising funds.
UK Oil & Gas Investments announced this afternoon that well testing operations had ceased at the Broadford Bridge oil exploration site near Billingshurst in West Sussex. In a brief statement to investors in the past hour, the company said: “Equipment is being removed from the site and the […]
Shares in UK Oil and Gas dropped by more than 35% this afternoon following the company’s announcement of possible formation damage at its Broadford Bridge oil exploration well and the prospect of drilling another sidetrack.
UK Oil and Gas saw its shares rise in value by nearly 25% today following a statement on the company’s Broadford Bridge oil exploration site in West Sussex.
Surrey County Council and Angus Energy are standing firm in their conflicting positions in a long-running dispute over the Brockham oil site near Dorking.
The private equity company, Kerogen Capital, is proposing to invest US$35m in IGas, it was announced this morning. The deal depends on a restructuring of IGas’s bonds and may require approval from the Takeover Panel.
IGas investors were watching share price movements this morning after news that the company would not breach its daily liquidity obligations this year.
UK Oil & Gas Investments, one of the companies with interests in the Horse Hill exploratory oil well near Gatwick, has announced it is to invest an extra £4m in the Weald basin in southern England.
The majority investor in the Horse Hill oil well near Gatwick is claiming record UK onshore flow rates. After completing initial flow tests, UK Oil & Gas described the results this morning as “outstanding” and equivalent to rates from the North Sea.
DRILL OR DROP? 