Delayed UKOG accounts reveal £35m cut in value of oil assets
Long-awaited annual accounts for UK Oil & Gas plc show a £35m drop in the value of the company’s oil and gas assets.
UKOG sells subsidiary
UK Oil & Gas plc (UKOG) announced this morning that it had sold one of its subsidiary companies.
Horse Hill developer seeks to restore planning consent after Supreme Court’s “perplexing judgement”
The developer of the Horse Hill oil site in Surrey said it was working to restore planning permission following this morning’s decision by the UK’s highest court.
UKOG gets help to farmout Loxley drilling project
UK Oil & Gas (UKOG) has appointed a company to help farmout up to half its interest in the Loxley gas project in Surrey.
Horse Hill production fall hits UKOG revenue
Falling production at the Horse Hill well in Surrey cut revenue for UK Oil & Gas plc last year.
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.
Breaking: Legal challenge fails to block Dunsfold gas drilling
Drilling for gas near the Surrey village of Dunsfold got the go ahead from a High Court judge this morning (Thursday 20 July 2023).
Key facts on landmark legal challenge over climate impact of oil extraction
A landmark legal challenge that will shape future decisions on fossil fuel developments comes to the UK’s highest court next week.
Gas scheme in chancellor’s constituency in High Court challenge
A drilling project in the chancellor Jeremy Hunt’s constituency will be challenged at the High Court tomorrow (Thursday 8 June).
Updated: UKOG announces farmout for Horse Hill oil site
UK Oil & Gas has announced plans to farmout work at its oil production site at Horse Hill in Surrey.
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