Gatwick'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
Read moreUK Oil & Gas confirms fundraising talks
10th Jun 2015 15:22
UK Oil & Gas Investments, which is currently exploring oil reserves in the Horse Hill area near Gatwick Airport, confirmed media speculation on Wednesday that it is in talks with investors about raising funds. The company said it is currently in talks with potential investors for a fundraising of at
Read moreUK Oil & Gas jumps on Horse Hill-1 well
5th Jun 2015 08:41
Shares in UK Oil & Gas rose strongly on Friday morning after trading on AIM was restored following an upbeat announcement on its 20%-owned Horse Hill-1 well. Following a temporary suspension as it awaited the assessment results, the group revealed that the well, located near Gatwick Airport, has an
Read moreGatwick oil explorer has prospection licence renewed
13th May 2015 16:46
UK Oil and Gas Investments (UKOG), the AIM-listed independent oil explorer made infamous for its bold claim of having found 100bn barrels of oil close to Horse Hill near Gatwick airport, announced on Wednesday that its exploration licence for the site had been extended. The company's shares jumpe
Read moreThursday newspaper round-up: Federal Reserve, Greece, Apple Watch
30th Apr 2015 07:08
"The economy's sharp first-quarter slowdown is giving Federal Reserve officials pause," writes the Wall Street Journal. At the Fed's policy meeting on Wednesday, the central bank's officials showed uncertainty about when the economy will rebound and clouded the outlook for the first rate hike. Greec
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 moreUKOG admits Horse Hill licence would expire within months
28th Apr 2015 09:27
Independent oil explorer UKOG, which grabbed global headlines after initially claiming then backtracking on a potential 100bn barrel oilfield near Gatwick Airport, has admitted that one of its licences for the site is actually set to expire. In an exchange filing on Tuesday, UKOG confirmed that its
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