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 has submitted its “retrospective” planning application to resume production at the Horse Hill oil field near Gatwick in Surrey. STUDIES The company halted operations following the Supreme Court’s 2024 ruling, which stated that environmental impact assessments must include Scope 3, or end use, emissions from produced fossil fuels. UKOG, which […]
UK Oil & Gas plc said it had successfully plugged and abandoned its Broadford Bridge-1/1z well, containing the Kimmeridge oil discovery, in West Sussex. REFOCUS Operations began in late 2025 and finished on 4 February 2026, and were performed “in full accordance with all pertinent regulatory requirements, agreed programmes and consents”. The company added it […]
UK Oil & Gas plc, which is currently shifting its focus away from natural resource extraction, has increased its issued share capital with a £520,000 fundraise for its hydrogen storage project. TVRs The company issued 3,249,134,670 shares through a placing, at a 25% discounted issue price of 0.016 pence per share. Following admission, UKOG’s total […]
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 said its interim results to 30 March 2025 are delayed due to a previous delay in publishing its annual report and accounts for the year ended 30 September 2024. “The audit of the company’s 2024 annual financial statements is now well advanced and the company expects to publish the report […]