AIM WINNERS & LOSERS: Sureserve up on GBP214.1 million takeover offer
21st Apr 2023 09:41
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
UK Oil & Gas PLC - UK-focused oil and gas exploration and production company - Says the casing for the Pinarova-1 well in Turkey is now set and cemented down to 287 metres below surface. Installation of the new wellhead and blow-out prevent assembly is now also nearing completion. Drilling is expected to resume on schedule in the next few days, following final wellhead and blow-out prevent pressure test. Plans to drill "cautiously" through the Hoya target zone and to open-hole test any zones where "good live oil shows" are encountered prior to reaching total depth at around 550 metres below surface. Read More
UK Oil & Gas PLC - London-based oil and gas exploration and production company - Says Pinarova-1 has now reached its planned casing point at 291 metres below surface, several days ahead of schedule. Notes that it is planned to test any zones where "good" live oil shows are encountered prior to reaching the estimated total depth of around 500 to 550 metres. Says UKOG's geologist remains on site to help describe Hoya reservoir geology and to identify any live oil to surface in drilling cuttings and/or mud. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
UK Oil & Gas PLC - UK and internationally focused energy company - Reports revenue for the full year ended September 30 from sales of oil amounted to GBP1.8 million from GBP1.6 million a year earlier, largely driven by an increase in average sale price from GBP43 per barrel to GBP98 per barrel which was offset by oil production decrease at Horse Hill. Gross profit totalled GBP300,000 compared to a loss of GBP200,000 in 2021. Administration expenses amounted to GBP2.7 million from GBP2.1 million and an operating loss of GBP5.4 million was recorded, widened from GBP3.8 million in 2021. Net cash outflow from operating activities increased to GBP2.0 million from GBP1.4 million a year prior. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Pennpetro Energy PLC on Tuesday signed an agreement with UK Oil & Gas PLC to farm-in and drill the next infill oil production well at the Horse Hill Oil Field, near Gatwick airport. Read More
(Alliance News) - UK Oil & Gas PLC on Thursday said a new competent persons report has been completed at its 10% owned Horndean field, by Texas-based DeGolyer & MacNaughton consultancy. Read More
UK Oil & Gas PLC - London-based oil and gas exploration and production company - Says construction of TPinarova-1's drilling pad and access road commenced on schedule over the weekend in Turkey. Site construction is expected to take around 14 to 21 days. Given no adverse weather-related construction delays, drilling to a total depth of around 500-550 metres below surface is expected to commence towards the end of March to early April 2023 directly after site completion. Read More
UK Oil & Gas PLC - London-based oil and gas exploration and production company - Secures written consent from Turkey's General Directorate of Mining and Petroleum Affairs for the Pinarova-1 exploration well's geological and technical objectives and design. Read More
(Alliance News) - UK Oil & Gas PLC on Friday said it will proceed with its Loxley gas discovery, after a court judge dismissed attempts to reverse the Secretary of State's grant of planning consent as being unarguable. Read More
UK Oil & Gas PLC - oil and gas exploration and production firm with assets focused on the south of England - Secures drilling rig for Pinarova-1 well in Turkey. Will test Eocene Hoya light oil prospect. Expects site construction in seven to 10 days. Says it is fully funded to cover its share of an expected USD400,000 gross dry hole and USD630,000 gross success case costs. Chief Executive Stephen Sanderson says: "Pinarova's prospectivity, potential success case oil volumes and modest drilling costs make it an attractive stand-alone project that could, in the success case, deliver oil production in H1 2023. Given the positive shallow oil seep evidence plus the good light oil shows encountered within Pinarova by the Kezer-1 geothermal well, the new well will seek to establish if that oil is present in commercially viable saturations and volumes that can be pumped to surface. We look forward to the impending start of site construction and subsequent drilling directly upon its completion." Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - UK Oil & Gas PLC on Tuesday reported that RPS Energy Consultants completed its competent person's report on the company's potential economic value of the Loxley gas discovery. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - Stock prices in London opened lower on Tuesday, as investors chewed on a full plate of blue-chip earnings, and looked ahead to PMI readings for the UK, Europe and US. Read More
UK Oil & Gas PLC - oil and gas exploration and production firm with assets focused in the south of England - Says its partner and licence operator Aladdin Middle East Resan has advised that its Resan licence area is unaffected by the earthquake in Turkey. Notes that is located "some distrance away" from the East Anatolian fault zone and the earthquake epicentre. "Nonetheless, we continue to monitor the situation and will be looking at ways of how we can offer our support," it adds. Read More
UK Oil & Gas PLC - oil and gas exploration and production firm with assets focused in the south of England - Says the southern England's gas distribution pipeline network operator SGN has confirmed that its local transmission system can accept all the potential future gas production from its wholly-owned Loxley gas discovery in Surrey, England. The firm says a pipeline routeing study to the identified grid entry point can now begin. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More