A public consultation into plans by UK Oil & Gas to explore for oil at Arreton on the Isle of Wight has opened.
Bob Seely, the Conservative MP for Isle of Wight, has told campaigners he is against proposals to drill for oil at Arreton.
A planning application by UK Oil & Gas for an exploration site on the Isle of Wight was published online this afternoon.
The High Court has reduced the scope of the injunction granted to UK Oil & Gas plc against protests at its exploration sites in Sussex and Surrey.
The company behind oil production at Horse Hill in Surrey has raised £1.275m in a share placing to pay for cost cuts.
The number of shares in the onshore operator, UK Oil & Gas plc, has risen to 7.8 billion, up by more than a quarter since August 2019.
A group of campaigners will argue at the High Court tomorrow (2/4/2020) that an oil company’s injunction against protest is “unlawful, unfair and breaches the rights to free speech”.
UK Oil & Gas plc has announced it has successfully shut-off the source of formation water that entered an oil well at its Horse Hill site in Surrey.
No equipment to identify the source of formation water in the new well at Horse Hill was available in the UK or Europe until next month, the main investor in the Surrey site said today.
Shares in UK Oil & Gas plc fell 8% today following a statement on testing its new well at the Horse Hill site near Gatwick Airport.