An oil formation in Lincolnshire, missed by a well drilled last year, could be reached by a new sidetrack, a group of companies said today.
The decision on plans by UK Oil & Gas to drill at Dunsfold in Surrey have been put back again.
Angus Energy has said it will seek a five-year extension to its oil production licence at Brockham in Surrey.
UK Oil & Gas revealed details today of two proposed oil exploration sites on the Isle of Wight.
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.
Residents near a proposed oil and gas exploration site in Surrey are calling for an extension to the public consultation period on the scheme.
“I love it because it is not oil”, the head of Angus Energy said of his new gas asset in Lincolnshire.