Funding shortfall casts doubt over Rathlin Energy’s future
Rathlin Energy does not have enough money to meet its drilling and abandonment commitments in East Yorkshire, according to annual accounts published today.
Rathlin Energy does not have enough money to meet its drilling and abandonment commitments in East Yorkshire, according to annual accounts published today.
The latest legal challenge against testing an exploratory oil well at Balcombe in West Sussex will be heard in January 2025.
Rathlin Energy will fail to meet its obligations to drill a production well at West Newton in East Yorkshire because it can’t find the money, it was revealed today.
A judge has granted residents of Balcombe in West Sussex the right to challenge a High Court decision to allow oil exploration in their village.
UK Oil & Gas (UKOG) has appointed a company to help farmout up to half its interest in the Loxley gas project in Surrey.
Partners in a scheme to produce oil and gas in East Yorkshire have announced what appear to be big changes to their plans.
Reabold Resources, a key investor in the West Newton oil and gas field in East Yorkshire, is to receive £4.4m from Shell in the coming days.
A campaign group opposing oil testing in the West Sussex village of Balcombe has raised enough money to apply for permission to challenge a High Court judgement.
Villagers are seeking to overturn a judge’s ruling which gave the go-ahead to a well test at the Balcombe oil site in West Sussex.
Rathlin Energy, the company which runs oil and gas sites in East Yorkshire, is seeking extra funding to pay for drilling and testing obligations.