Stellar 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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