UKOG shares fall on £2m fundraising for Horse Hill
Shares in UK Oil & Gas closed down more than 4% on news that the company had raised £2m in a share placing, snapped up by a single investor.
Angus takes out £1.5m loan to pay for clean-up costs
Angus Energy has raised a £1.5m loan facility to pay for the costs of decommissioning oil and gas wells.
Licensing system criticised after two UKOG PEDLs extended
UK Oil & Gas confirmed today it had more time to drill in two southern England exploration licences, where no work has yet been carried out.
UKOG to increase share of Horse Hill oil licences
UK Oil & Gas plc reported today that it intended to increase its stake in the Horse Hill exploration licences in Surrey.
Angus conference call: “Kimmeridge oil not mature at Brockham”
The Kimmeridge formation at Brockham in Surrey is unlikely to generate significant volumes of oil because it isn’t mature, investors were told this evening.
Angus looks to sell Brockham after sidetrack found “uncommercial” without fracking
Angus Energy has said it is in talks to sell its stake in an oil production licence in Surrey after revealing that a controversial sidetrack well was unlikely to flow commercially without extra stimulation.
Angus raises £3m for new acquisition and Weald operations
Angus Energy announced today it had raised just over £3m in a placing of more than 70 million new shares.
Angus Energy: New appointments and no board return for Jonathan Tidswell
The former chair of Angus Energy breached the share dealing code and will not retake his place on the board, the company has announced.
Egdon to seal Biscathorpe oil well after it fails to find target formation
Egdon Resources’ new well at Biscathorpe, near Louth in Lincolnshire, has failed to encounter the oil formation it was targeting, the company said this afternoon.
Angus: Power struggle, new loan and updates on Balcombe and Brockham
Two shareholders in Angus Energy have called a general meeting in a bid to remove the managing director, Paul Vonk, from the board.
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