UK 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
Read moreUKOG climbs down on Horse Hill oil estimates
15th Apr 2015 10:06
After recently announcing what had been hailed as the largest onshore UK oil find in three decades, UK Oil & Gas Investments has rained on the fevered media parade by clarifying that it has little idea of the real size of resource, beyond its own acreage. AIM-listed UKOG pointed out that the single
Read moreWednesday newspaper round-up: Chinese GDP, Google, HSBC
15th Apr 2015 06:59
Economic growth in China slowed down to just 7% in the first quarter, representing the lowest pace of expansion in six years, according to the Financial Times. This compared with 7.3% growth in the fourth quarter. Europe is set to file formal charges against Google for violating antitrust laws, The
Read moreUK Oil & Gas acquires remaining stake in Weald Basin onshore licence
13th Apr 2015 08:02
Investment group UK Oil & Gas has acquired the remaining 40% stake in the Weald Basin onshore licence PEDL126 from Magellan Petroleum. The London-listed group said its interest in the Essex-based project, which contains the Markwells Wood-1 Great Oolite oil, was now 100%. The Markwells Wood-1 disco
Read moreMonday newspaper round-up: Chinese exports, UK inflation, Travelodge
13th Apr 2015 06:54
Chinese exports dropped 15% year-on-year in March, reversing the previous two months' growth and "raising the spectre of disappointing first-quarter economic growth", writes the Financial Times. "Britain could fall into deflation this week for the first time in more than half a century, the result o
Read moreSunday newspaper round-up: BAE Systems, Smurfitt Kappa, Marks & Spencer
12th Apr 2015 15:55
While a change of government remains a distinct possibility, defence and aerospace giant BAE Systems has recently approached senior government figures to ask permission to hire a foreign chief executive for the first time. According to the Sunday Times, the FTSE 100 group has petitioned defence secr
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 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 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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