Independent news on Irish and UK junior to mid-tier exploration, development and production
UK Oil & Gas plc has agreed a £1 million sale of its 85.635% interest in the Horse Hill field and its PEDL137 licence, located near Gatwick Airport in Surrey, to London-based energy B plc. The Aquis-listed company raised £1.2m for the acquisition, through a placing of 9,479,200 ordinary shares at £0.12 per ordinary share, […]
UK Oil & Gas plc posted a swing to a loss and a decrease in group revenue for the first half of 2025. HORSE HILL Interim results showed gross losses amounted to £0.47 million compared with a £0.22m profit for H1 2024. The company said that the fall was due to a rise in the […]
UK Oil & Gas plc (UKOG) has secured a £3 million loan to fund planned activities over the next 12 months at its onshore operations in England and Turkey. USES The loan, from previous lenders RiverFort Global Opportunities PCC Ltd and YA II PN Ltd, holds 0% interest and is repayable 18 months after each […]
UK Oil & Gas plc (UKOG) said it could face an appeal in the Supreme Court against the company’s grant for oil production at Horse Hill near Gatwick in Surrey. HEARING The company added that it would “strongly contest” any further action against its interests which total 85.635%. Alba Mineral Resources plc holds an 11.765% […]
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 […]
UK Oil & Gas plc (UKOG) said that the Environment Agency had granted the company a full production permit for its 85.635% owned Horse Hill oil field in Surrey. PERMISSIONS The company said it submitted its initial application for the permit 31 months ago on 24 September 2019. UKOG added that the permit issued today […]