UK Oil and Gas ups stake in Horse Hill Developments
30th Aug 2018 08:20
(Sharecast News) - AIM-listed investor UK Oil and Gas has upped its stake in the Horse Hill oil discovery via a £4.5m acquisition of fellow AIM-listed firm Solo Oil's interest in the project's operator.
Read moreUK Oil & Gas becomes majority shareholder in Horse Hill Developments
20th Aug 2018 10:10
(Sharecast News) - UK Oil & Gas has entered into sale and purchase agreements with Gunsynd and Primorus Investments to acquire their combined 7% shareholding in Horse Hill Developments - the operator and 65% interest holder in the Horse Hill-1 Portland and Kimmeridge Limestone oil discovery and 55 square mile PEDL137 and PEDL246 licences - it announced on Monday.
Read more'Excellent' Horse Hill flow rate results impress AIM quintet
3rd Aug 2018 12:31
(Sharecast News) - Horse Hill's testing results at the Portland reservoir in the UK's Weald Basin on Friday implied equivalent rates of 401 and 414 barrels of oil per day, beating 2016 results.
Read moreHorse Hill oil developers apply for further 'significant' drilling
17th Oct 2016 09:16
(ShareCast News) - UK Oil & Gas and its partners in the Horse Hill Developments (HHDL) company drilling for oil close to Gatwick Airport, have applied for planning permission with Surrey County Council for a further round of drilling. The HHDL group, in which AIM peers Alba Minerals, Doriemus, Gunsy
Read moreUK Oil & Gas Investments buys further stake in Horse Hill discovery
22nd Jul 2016 17:17
(ShareCast News) - UK Oil & Gas Investments on Friday announced it has bought a further interest in the Horse Hill-1 oil discovery. The group bought a 3.9% stake of Flowermay Limited in onshore Weald Basin licences PEDL137 and PEDL246 for £1m, bringing its total interest to 31.2%. UK Oil & Gas will
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 moreFlow tests commencing at Horse Hill, says UKOG
8th Feb 2016 09:56
(ShareCast News) - UK Oil & Gas Investments (UKOG) revealed on Monday that operations were finally starting at the Horse Hill site, with the extended flow test being conducted over three separate zones within the HH-1 discovery well by Horse Hill Developments Limited (HHDL). The AIM-traded energy fo
Read moreUKOG granted extension for West Sussex well
16th Oct 2015 08:17
(ShareCast News) - UK Oil and Gas (UKOG) said it has begun working on a field development plan after its extension plans for the Markwells Wood-1 well in West Sussex was given the green light by local authorities. The South Downs National Park Authority has extended permission the well until 30 Sept
Read moreEuropa Oil&Gas granted drilling permission for Holmwood oil prospect
23rd Sep 2015 16:01
(ShareCast News) - Surrey County Council has granted permission to drill an exploratory borehole at the Holmwood prospect. Europa Oil & Gas holds a 40% interest in the PEDL143 licence in the Weald Basin where the drilling will take place. Other partners in the onshore licence include Egdon Resource
Read moreUK Oil & Gas appoints new chief operating officer
18th Sep 2015 09:26
(ShareCast News) - Matt Cartwright has been appointed as UK Oil & Gas Investments' (UKOG) new chief operating officer, the group said on Friday. Cartwright, who has been working as a consultant to the company since July 2014 and has over 30 years of experience in the global oil and gas industry, wil
Read moreUK Oil & Gas reaches "significant milestone" in Markwells Wood project
14th Sep 2015 15:45
(ShareCast News) - UK Oil & Gas Investments said a new report for the Markwells Wood oil field in the Weald Basin indicates the site has a contingent resource of 1.2m barrels of oil. In a short statement issued on Monday, the London-listed company said the report was an "important milestone" for the
Read moreThursday newspaper round-up: Defence, Minimum wage, Apple
9th Jul 2015 06:54
The Chancellor stunned MPs yesterday by unexpectedly announcing that the government would commit to spending two percent of GDP on defence until the end of parliament - a promise that he and the prime minister had, until then, avoided making. - Financial Times George Osborne launched into battle wit
Read moreUK Oil & Gas Isle of Wight licence extended to 2017
15th Jun 2015 09:34
UK Oil & Gas Investments said on Monday that the Oil & Gas Authority has extended its Offshore Isle of Wight licence by a year to the end of January 2017. The company, which is involved in a large oil discovery at Horse Hill near Gatwick, said the extension provides the company with the necessary ti
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