UKOG 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
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 moreHorse Hill Development granted final approval for Weald Basin drilling
6th Aug 2014 13:34
Horse Hill Developments Ltd (HHDL), a joint venture (JV) group developed by several AIM-listed companies, has now been granted final approvals from the UK Environment Agency to go ahead the Horse Hill Prospect in the Weald Basin, Surry. The approvals clear the way for the JV to proceed with the dri
Read moreUK Oil & Gas production hike disappoints investors
2nd Jul 2014 14:21
British explorer UK Oil & Gas Investments (UKOG) failed to impress investors with a production hike at a field in southern England, hitting its shares. UKOG said it had boosted production at its Lidsey oil field near Bognor Regis by 230%, from 34 barrels of oil per day (bopd) in May to 113 bopd. C
Read moreUK Oil & Gas rises on online rumours
24th Jun 2014 10:19
Shares in UK Oil & Gas Investments (UKOG) spiked higher on Tuesday after rumour-mongering intensified that the company was poised to update on one of its projects. UKOG, an AIM-listed vehicle of serial entrepreneur David Lenigas focused on opportunities in the UK, moved 17.5% higher on Tuesday to
Read moreSector movers: Oil stocks track crude higher on Iraq violence
16th Jun 2014 13:37
Rising crude prices helped lift stocks in the oil sector on Monday, as the ongoing violence in Iraq raised concerns about the knock-on effect on supply. Fighting between the Iraqi army and Sunni Islamist insurgents escalated this weekend after militants from the Islamic State of Iraq and the Levant
Read moreUK Oil & Gas agrees partnership deal with Angus Energy
20th Mar 2014 13:52
UK Oil & Gas has entered into a 50/50 partnership agreement with onshore operator Angus Energy ahead of the upcoming UK Department for Energy and Climate Change's (DECC) 14th onshore oil and gas bid round expected in second quarter this year. Angus Energy, which is 6%-owned by UK Oil & Gas, holds a
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