Detailed plans for one of the UK’s largest onshore oil production schemes in recent years have been published.
UK Oil & Gas has announced it has raised £5m in a placing, prompting a sharp fall in the share price.
Another well at Rathlin Energy’s West Newton-B site is due to be drilled in the second half of 2021, according to an update to shareholders today.
Rathlin Energy is planning up to 90 weeks of 24-hours-a-day drilling at one of its wellsites in East Yorkshire.
Plans by Rathlin Energy for two new well sites in East Yorkshire will not need a detailed environmental assessment, council planners have decided.
A planning application by UK Oil & Gas for an exploration site on the Isle of Wight was published online this afternoon.
A network of groups opposed to fracking near Formby has called for the scheme to be refused because of concerns about flooding, peat extraction, the green belt, noise, traffic and impacts on wildlife.
Operators of the Broadford Bridge oil exploration site in West Sussex are seeking a third extension of planning permission – this time to allow for drilling at other sites.
2019 saw a Conservative government withdraw its support from fracking and introduce a moratorium on the process.
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.