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
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
(Alliance News) - UK Oil & Gas PLC shares dropped on Monday following a GBP3.0 million share placing to help fund its Phase 2 Turkey seismic programme. Read More
UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Updates on legal proceedings regarding Horse Hill oil field. Following the UK Court of Appeal's dismissal of the challenge from Sarah Finch on behalf of Weald Action Group to the Surrey County Council's grant of production consent at Horse Hill, Finch is given a final legal avenue to appeal the decision to the Supreme Court. Should the case go ahead, it is expected to be heard at some point from the second quarter of 2023 onwards. This would be the final legal recourse for Finch. 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 share dealings by London-listed company directors and managers announced on Monday 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 UK and Turkey - Discovers live, light 41.7 degree API oil seep in an unused seismic drill hole on the Resan licence in Turkey. UK Oil & Gas holds a 50% interest in the Resan licence with operator Aladdin Middle East. This provides evidence of an active light oil petroleum system in the central area of the licence, UK Oil & Gas explains, and has positive implication for future exploration of the licence. Adds two drill holes completed several days later also recovered light oil. Oil samples have now gone for analysis. 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
UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says the refusal of planning consent for its wholly-owned Loxley conventional gas and hydrogen feedstock project has been overturned. Planning and environmental consents in the Loxley project can now proceed. Surrey County Council twice refused planning consent for the project. 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
UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - West Sussex County Council approves 2-year planning permission extension to the Broadford Bridge-1z Kimmeridge oil discovery, which is in its 100%-owned PEDL234 licence. Read More
UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - North Sea Transition Authority grants formal consent for the re-completion of Horse Hill-2z into a water reinjection well. Read More
UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - North Sea Transition Authority grants one-year extension for work programme at PEDL137 licence, which contains the producing Horse Hill oil field. The extension allows UKOG to drill a second well at Horse Hill's Kimmeridge oil pool, with work scheduled to begin before September 2023. UKOG owns an 86% stake in Horse Hill, and is the operator, with a 12% stake held by Alba Mineral Resources PLC. Horse Hill is an oil project near Gatwick Airport in southern England. In May, UKOG won a full production permit for the field. Read More
(Alliance News) - Stocks in London were called sharply higher on Friday, helped by a positive session in Asia, as equity markets look to rebound from Thursday's bloodbath. Read More
UK Oil & Gas PLC - London-based oil and gas company - Wins full production permit for its Horse Hill field from the UK Environment Agency. The project is 86% owned by UKOG, with a 12% stake held by Alba Mineral Resources PLC. The permit enables production and water re-injection operations, incineration of waste gas, maintenance and workovers, and the drilling of further development wells. Horse Hill is an oil project near Gatwick Airport in southern England. UKOG can now proceed with its plants to convert HH-2z into a water injector over the year, which would eliminate the requirement to take saline formation water from remote third-party sites, reducing costs. Read More