Stellar Resources widens loss as Horse Hill development continues
27th Sep 2016 11:21
(ShareCast News) - Stellar Resources announced its interim results for the six months to 30 June on Tuesday, with an operating loss of £115,000 widening from £80,000 in the first half of last year. The AIM-traded firm posted a net loss after tax of £156,000, compared to £121,000 year-on-year, with c
Read moreHorse Hill oil in place estimates almost trebled
19th Jul 2016 12:02
(ShareCast News) - The Horse Hill project in Surrey looks like providing a bonanza for the range of AIM-listed companies involved after a near trebling of oil in place estimates to 22.9m barrels per square mile. As announced in March, the final HH-1 test of the upper Portland pay zone flowed at a co
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 moreSweet crude flows from Gatwick Airport oilfield
16th Feb 2016 08:10
(ShareCast News) - First ever crude oil has flowed at encouraging levels from the Horse Hill discovery well being drilled in the Weald Basin near Gatwick Airport, as anti-fracking protests reconvened nearby. The AIM-listed companies with stakes in the PEDL137 onshore exploration licence, namely UK O
Read moreStellar Resources subsidiary granted exploration extension
17th Aug 2015 08:26
(ShareCast News) - Stellar Resources said its subsidiary, Gold Mines of Wales (GMOW), has been given a six-year extension to its exploration license in Wales. The Crown Estate Mines Royal Exploration option over the Dolgellau gold-belt covers an area of 124km squared, but the Crown has opted to excl
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 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 moreStellar Resources drops on challenges at Welsh project
5th Dec 2014 16:10
Shares in Stellar Resources plunged by a third after the gold explorer said it was facing exploration challenges at its joint venture in north Wales. The stock dropped 0.2p or 33.6% to 0.36p at 16:08 in London after Stellar said an independent technical review by SRK had shown erratically distribute
Read moreStellar Resources shares soar after positive assays in Wales
20th Nov 2014 15:54
Mining firm Stellar Resources revealed positive assays from sampling at the Clogau St David's gold mine in Wales. Out of the total 55 assays, ten returned grades of over 200g of gold per tonne (g/t), with six results returning more than 300g/t, while the average return over all samples was 67.3g/t.
Read moreStellar Resources moves forward with Welsh gold mine
19th Nov 2014 13:51
Shares in Stellar Resources sparkled after the gold miner said it was reviewing the results of a study of a mine known for providing gold to royals. The stock gleamed 0.16p or 45.8% to 0.52p at 14:13 in London after Stellar said it had received the latest gold assay results from an underground sampl
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
Read moreStellar Resources, Solo Oil and others strike oil near UK's Gatwick Airport
24th Oct 2014 13:49
A string of oil companies have struck oil near Gatwick Airport in southern England. The companies, including Stellar Resources, Solo Oil, Regency Mines, UK Oil & Gas Investments, Alba Mineral Resources and Doriemus, are in a consortium that has found an oil accumulation in the Horse Hill-1 well on t
Read moreSolo Oil, Stellar Resources and Alba Mineral Resources strike oil in UK
6th Oct 2014 08:05
Oil explorers Solo Oil, Alba Mineral Resources and Stellar Resources have struck oil at a site in southern England. The companies said their Horse Hill-1 drilling well encountered Portland Sandstone over the weekend, with oil shows at between 2,100 and 2,400 feet of measured depth. The sandstone dr
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