UK Oil & Gas plc (UKOG) has been granted a two-year planning extension to its Broadford Bridge-1z well, containing the Kimmeridge oil discovery, in Sussex. CONCEPT West Sussex County Council this week approved the application for PEDL234 to run until 31 March 2024. “The additional two years will permit any learnings from possible future Kimmeridge […]
Tag: oil and gas
Hurricane Energy aims to meet debt deadline
Hurricane Energy plc said it was confident of meeting the deadline to pay the outstanding $78.5 million as production continues at its Lancaster field, west of Shetland. FINANCES As of 30 April 2022, the company had net free cash of $92m (31 March: $106m). During the month, $3.2m was moved from free cash into restricted funds […]
UKOG receives NSTA approval for HH-2z well conversion
UK Oil & Gas plc (UKOG) said that the North Sea Transition Authority had approved the recompletion, or conversion, of Horse Hill-2z into a water reinjection well at the site in Surrey. INTERESTS The move follows approval from the Environment Agency on 4 May. The company holds an 85.635% operated interest in the Horse Hill oil […]
Union Jack confident after ‘financially transformational’ year
Union Jack Oil plc said it remained highly positive for the future following a nearly 12-fold increase in profits from its exploration and production assets in the UK. FINANCES The company’s audited results for the year ended 31 December 2021 showed revenues rose nearly 12-fold to £1,894,875 (2020: £158,004) from production at Wressle, Keddington oilfield […]
Reabold appoints Chris Connolly as CFO
Reabold Resources plc has appointed Chris Connolly as chief financial officer. Mr Connolly has more than 16 years’ experience in the resource industry and joins the company from EnQuest plc, where he was group financial controller. He has worked across the resources industry having initially trained at Ernst & Young LLP before moving to Canamens […]
Predator appoints Alistair Jury as NED
Predator Oil & gas Holdings plc has appointed Alistair Jury as non-executive director with immediate effect. Mr Jury has more than 25 years’ experience in the energy industry in various finance and commercial roles with ExxonMobil, Unocal, Murphy, Svenska Petroleum and a number of AIM and business start-ups in the energy sector. He sits on […]