Horse Hill miners get lift from two year extension
5th Jul 2016 09:08
(ShareCast News) - The Oil and Gas Authority has allowed licences at the Horse Hill development in Surrey to continue for another two years, giving a lift to several AIM-listed miners. Solo Oil, Regency Mines and Alba Mineral Resources all said licences PEDL137 and PEDL246 said the OGA had converted
Read moreGatwick's Horse Hill oil well flows naturally
17th Feb 2016 07:55
(ShareCast News) - Oil has continued to flow naturally from a discovery well near Gatwick Airport owned by a consortium of oil exploration companies, with the first two tankers of crude sent for refining. Following the announcement of Monday's initial flow using water, UK Oil & Gas (UKOG) said opera
Read moreAminex sells stake in Tanzanian licence to Solo Oil
11th Feb 2016 15:57
(ShareCast News) - Oil and gas explorer Aminex is selling a 3.8% interest in the Kiliwani North Development licence in Tanzania to Solo Oil for $2.16m (£1.49m), the company announced on Thursday. Solo's stake in the licence will increase to 10% following the completion of the deal. Aminex will remai
Read moreSolo Oil prepares for first gas at Kiliwani North
1st Feb 2016 12:22
(ShareCast News) - Solo Oil was counting down to first gas and first revenue at the Kiliwani North Development Licence in Tanzania on Monday, having been advised by the project's operator that production was due to begin in mid-February. The news from the AIM-traded company followed the signing of a
Read moreTPDC to join Solo Oil at Kiliwani North
5th Oct 2015 10:36
(ShareCast News) - Solo Oil's stake in the Kiliwani North Development Licence will be pared back slightly as Tanzania Petroleum Development Corporation (TPDC) buys in to the licence. The AIM-listed company announced on Monday that its interest will drop from 6.5% to 6.175% as TPDC looks for a 5% wor
Read moreSolo Oil and Aminex said Kiliwani gas well will produce more than expected
26th Aug 2015 08:44
(ShareCast News) - Oil explorers Solo Oil and Aminex said the Kiliwani North-1 gas well in Tanzania will produce more gas than initially expected. The two groups said the well, which was tested with a flow rate of 40m standard cubic feet per day, was expected to deliver an initial production rate of
Read moreSolo Oil gains on positive news on Horse Hill project
5th Jun 2015 08:10
Oil and gas explorer Solo Oil said it was pleased with the results of the latest evaluation of the oil potential of the Horse Hill-1 well located in PEDL137 in the Weald Basin. The London-listed group, which has a 6.5% stake in the project located near Gatwick Airport, said consultancy group Schlumb
Read moreUKOG's Gatwick oil project on hold as company awaits regulatory approval
29th Apr 2015 10:05
UK Oil and Gas Investments (UKOG) has been stopped from drilling oil at Horse Hill, near Gatwick, The Telegraph reported late Tuesday. The project has been suspended since the company has not directly applied to the regulator, the Oil and Gas Authority (OGA), for permission to begin flow testing the
Read moreLondon midday: Stocks advance as M&A speculation boosts Burberry and IHG
9th Apr 2015 11:39
UK stocks advanced on Thursday despite some mixed economic data, as ongoing M&A speculation and easing concerns about Greece drove markets higher. London's FTSE 100 was up 0.76% at 6,989.91 by noon despite weakness in the heavyweight mining sector, as bid hopes boosted stocks such as Burberry and In
Read moreAIM explorers hail 'significant' oil discovery in Horse Hill, Southern England
9th Apr 2015 07:46
Small cap oil exploration firm UK Oil & Gas Investments (UKOG) has made a 'significant' oil discovery in the South of England, said to be the largest onshore find in the country for 30 years. Other companies with interests in the Horse Hill licences, which cover 55 square miles of the Weald Basin, i
Read moreSector movers: Oil stocks extend gains as Budget confirms North Sea tax breaks
18th Mar 2015 15:07
Confirmation by chancellor George Osborne of budgetary measures to ease the pain in the struggling oil industry gave energy producers and services stocks another big lift on Wednesday. The 2015 Budget, the last of the current parliament, revealed new tax allowances worth £1.3bn in total to stimulate
Read moreUK Oil & Gas leads peers higher on Horse Hill potential
18th Mar 2015 08:14
Shares in a number of AIM oil producers rose on Wednesday after an update on the Horse Hill discovery in the UK Weald Basin showed further potential oil pay. Horse Hill Developments Ltd (HHDL), which is part-owned by several UK-listed producers, said that ongoing well analysis of the Horse Hill-1 we
Read moreSolo Oil boosted by gas resource upgrade at African project
18th Dec 2014 08:22
Solo Oil reported a resource upgrade in a gas field in Africa, boosting its shares by more than a third. Solo said partner Aminex had updated its internal resource estimates in the southern part of the Ruvuma petroleum sharing contract (PSC) area, in which Solo holds a 25% interest, from mean initia
Read moreSolo Oil and Aminex receive approval for Kiliwani North sale
17th Dec 2014 09:18
Oil explorers and producers Aminex and Solo Oil saw share prices rise after the Tanzanian government accepted a proposed deal for Solo to purchase up to a 13% interest in Aminex's Tanzanian Kiliwani North development licence for $7m. Solo plans to purchase a total 13% stake in the licence from Amine
Read moreSolo Oil and partners fail to find gas in UK well
5th Nov 2014 15:47
A string of oil companies have announced that part of a well near Gatwick airport in southern England has come up dry, knocking their shares. The companies, including Stellar Resources, Solo Oil, Regency Mines, UK Oil & Gas Investments, Alba Mineral Resources and Doriemus, said exploration of the Tr
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