(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
(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
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: 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
UK Oil & Gas PLC - London-based exploration and production company focused on the UK and Turkey - Says it is "pleased" with UK High Court upholding planning permission for Loxley, its conventional gas and hydrogen feedstock project in Surrey. "Loxley planning consent therefore remains in full force and the company's plans to implement the project remain unchanged," UK Oil & Gas says. Read More
UK Oil & Gas PLC - London-based exploration and production company focused on the UK and Turkey - Says phase 2 seismic programme over its Turkey Resan licence is complete. UK Oil & Gas has a 50% interest in the Resan licence. The programme, consisting of four new 2D seismic lines over the possible updip western extent of the Basur-1 oil discovery and Prospect B to the south, was delivered "ahead of schedule and under budget", the company says. UK Oil & Gas will now analyse the data before focusing on delivery of a new Basur appraisal well. Well is now anticipated to add near-term oil production in the first half of 2023. Turkey's petroleum law enables a successful oil well to be put into full time production within days to weeks of a successful test, company notes. Read More
(Alliance News) - Stocks in London closed in the green on Monday, with the FTSE 100 lifted by a strong performance from retailers like Tesco, Kingfisher, and Sainsbury. Read More
(Alliance News) - Stocks in London made headway on Monday morning as investors looked ahead to some key economic indicators, chiefly a US inflation reading due on Tuesday that is expected to show softening price pressures. Read More