IGas Energy plc said it hoped to work with the Government and communities to produce shale gas at its licences in the UK. SCIENCE The company was responding to today’s message from the Prime Minister on the lifting of the moratorium on hydraulic fracturing in England and a review of energy regulation. “We have always […]
Tag: oil and gas
Cuadrilla looks to results ‘as soon as possible’ from hydraulic fracturing
Cuadrilla Resources Ltd said it aimed to work with the Government to generate results as soon as possible from hydraulic fracturing in England. MORATORIUM The company’s issued its statement following Prime Minister Liz Truss’s announcement lifting the moratorium on hydraulic fracturing with production ‘as soon as six months’. The ban, introduced in November 2019, followed […]
Egdon welcomes lifting of hydraulic fracturing ban
Egdon Resources plc described today’s government approval for hydraulic fracturing as logical and pragmatic in a changing political world. MORATORIUM The company was responding to the announcement by new Prime Minister Liz Truss of the lifting the moratorium introduced in November 2019. The ban followed reported earthquakes at operations by Cuadrilla Resources, now owned by […]
Union Jack posts transformative half-year results
Union Jack Oil plc reported a transformative six months of the year with its inaugural profits attributed to the Wressle joint venture onshore oil and gas project in Lincolnshire. FINANCES The company’s unaudited results for the half year ended 30 June 2022 showed revenues soared to £4,384,254 (H1 2021: 241,467). Gross profit swung to a […]
Prospex Energy receives £100,000 via warrant exercise
Prospex Energy plc received £100,000.02 following notice for the exercise of warrants to subscribe for 3,333,334 new ordinary shares of 0.1p, each for 3 pence. The warrants, issued pursuant to a warrant agreement dated 23 February 2022, relate to a placing in March 2021. Following admission there will be a total of 260,026,699 ordinary […]
Capricorn keeps open Tullow merger options
Capricorn Energy plc said it was considering alternative transactions while maintaining that its proposed merger with Tullow Oil & Gas plc would create a stronger and more resilient business. PROPOSED MERGER Announcing the company’s half year results, chief executive Simon Thomson said that the proposed enlarged group would have assets in Ghana, Egypt, Gabon and […]