UKOG sells Horse Hill stake in £1m deal
UK Oil & Gas is selling its stake in the troubled Horse Hill production site and licence, the company’s last remaining hydrocarbon interest.
Union Jack takes £1m loan from Egdon
The company with the biggest stake in the Wressle oil field has agreed a £1m loan from the site operator, Egdon Resources.
Company updates: Angus, Union Jack and Reabold
DrillOrDrop’s round-up of announcements from three companies with UK onshore oil and gas interests: investor raises stake, director resigns and refinancing continues.
Europa focuses on four UK onshore sites in 2026
Europa Oil & Gas, the company behind rejected plans for lower-volume fracking at Burniston in North Yorkshire, is also pursuing developments at three other sites onshore in the UK, it revealed today.
UKOG sells subsidiary
UK Oil & Gas plc (UKOG) announced this morning that it had sold one of its subsidiary companies.
West Newton well stimulation scheduled
A well at West Newton in East Yorkshire could be fractured in the next four to nine months, according to a partner in the project.
Reabold Resources ups stake in Rathlin Energy
Reabold Resources has acquired a further 20.4% of shares in Rathlin Energy, the operator of two exploration sites in East Yorkshire.
Updated: UKOG abandons Turkish well test and announces new fundraising plans for Loxley
UKOG shares dropped more than a third today on news that the company had abandoned testing the Pinarova-1 well in Turkey. The company said it was “disappointed” that the well had not met its expectations.
Wressle oil earns Europa £5.3m – annual accounts
The Wressle oil field in North Lincolnshire earned Europa Oil & Gas £5.3m in the past year, the company reported this week.
“Wressle workover successful” – partner
The workover of the well at the UK’s newest producing onshore oilfield has been “successfully concluded”, one of the partners reported today.
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