UK Oil & Gas plc has sold its subsidiary holding two minority interests in non-operated onshore oil licences in Hampshire for an aggregate £400,000 cash to Servatec Holdings Ltd. VALUE UKOG (GB) owns a 10% interest in PL211 containing the Horndean oil field, and a 5% interest in PEDL070 hosting Avington. The company said that […]
Tag: Horndean oil field – Hampshire
UKOG welcomes 62% rise in Horndean reserves
UK Oil & Gas plc has reported a near two-thirds increase in reserves at the Horndean onshore oil joint venture, 10 miles north of Portsmouth in Hampshire. VALUE A new reserves report for operator Star Energy Group plc assessed and compared the field’s remaining reserves at the end of 2024 with the end of 2023. […]
UKOG-Star increase Horndean production
UK Oil & Gas plc said that last quarter’s workover programme resulting in a “deeper seating” of a downhole pump had increased production at the Horndean field, 10 miles north of Portsmouth in Hampshire. REVENUES Field operator Star Energy Group achieved an average of 200 barrels of oil per day last month compared with 125 […]