Company
UK Oil & Gas PLC
LON:UKOG
UKOG focusses primarily on oil and gas assets located in the Weald Basin in southern England where oil and gas drilling has been taking place for well over 100 years. Modern technologies have dramatically altered the methodology of the business – and subsequently drastically reduced the environmental impact for local communities and residents. Get your cbd oil delivery from USA UKOG, thanks to its policy of investing in expert advice from the world’s major analysts, is leading the way in ensuring that any oil and gas developments are conducted with full respect to the countryside and a determination to preserve the well-being and way of life of local residents. UKOG’s shares are listed and trade on London’s Alternative Investment Market (AIM). The current portfolio includes eight oil and gas assets held under Petroleum Exploration and Development Licences (PEDL). All assets are onshore. The Company is well funded and plans to grow its core UK Weald business with a programme of development and acquisition. Our technical team is driving the “proof of concept” for the new and potentially significant Weald Kimmeridge limestone naturally-fractured oil play, demonstrated by the successful Horse Hill-1 exploration well.
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High-stakes Surrey oil field case hits Supreme Court
A high-stakes hearing on a Surrey oil development takes place in the Supreme Court on Wednesday and Thursday
UK Oil & Gas welcomes High Court ruling on Loxley project
Legal challenges by Protect Dunsfold and Waverley Borough Council were rejected
UKOG boss corresponds with Jeremy Hunt to defend Surrey drilling decision
Stephen Sanderson said the company has suggested the gas at Loxley could be used a “a predominantly blue hydrogen source” and noted that there are no plans for fracking, only conventional gas
UK Oil & Gas aims to convert Dorset salt cavern to hydrogen storage facility
The UK’s storage capacity has been significantly reduced since the Rough facility offshore Yorkshire was mothballed in 2017
UK Oil & Gas lands approval for 2-yr planning extension at Broadford Bridge
It comes as the company awaits a separate planning decision from Michael Gove, Secretary of State for Levelling Up, Housing and Communities
UK Oil & Gas secures one-year extension for drilling work at Horse Hill
The oil company now has an additional year to drill a second Horse Hill Kimmeridge well
UK Oil & Gas shares off to the races after Horse Hill is granted production permit
Stock in the group shot up 23% on the back of the news
UK Oil & Gas says decision on Loxley expected by June 7
Company cites Prime Minister's recent statement regarding a new energy strategy that involves reducing Russian imports
UK Oil & Gas ‘delighted’ by latest Horse Hill court ruling
"I'm delighted that justice has again prevailed for UKOG in this matter,” said UKOG chief executive Stephen Sanderson
UK Oil & Gas shares slide as Isle of Wight blocks Arreton testing programme
"This decision underscores UKOG's change of focus over the past year towards the international arena for oil and gas," said chief executive Stephen Sanderson
UK Oil & Gas says pace of progress in Turkey is “a welcome change”
The British onshore operator picked up the project in Turkey in January after receiving government approval.
UK Oil & Gas says High Court upholds injunction against Extinction Rebellion protestors
The injunction is "a reasonable and proportionate restriction on protesters' activities", the oiler said
UK Oil & Gas gets government greenlight in Turkey
The company will now focus its efforts towards the planning of the Basur-3 well, in the Basur-Resan project area
UK Oil and Gas welcomes dismissal of Horse Hill legal challenge
Mr Justice Holgate said a successful challenge would have had far-reaching implications on the need to assess all indirect carbon emissions
UK Oil & Gas awaits judgement for Horse Hill project
A judicial review hearing, that took place on November 17 and 18, is now complete and the company is awaiting judgement.
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UK onshore oilers walk away from Surrey Hills project
Well sites outside the Surrey Hills Area of Outstanding Natural Beauty were 5 kilometres away from the exploration target and were deemed non-viable.
UK Oil & Gas strikes deal for Turkish oil project
The AIM-quoted oiler is paying the costs of a five well programme to earn 50% of the undeveloped discovery.
UK Oil & Gas lands 2 year extension to Broadford Bridge planning permission
It extends the permission for the well site to March 2022.
UKOG says Horse Hill production still profitable after cuts, raises £1.27mln
The company said Horse Hill is producing at around 300 barrels of dry oil per day.
UK Oil & Gas and Alba gallop higher after Horse Hill approval
Regulatory approval removes a significant roadblock from progress on the prospect
UKOG says Horse Hill's ‘commercial production’ is slated for spring
The reopening of the HH-1 well has revealed that both of Horse Hill's current wells can produce from the Portland reservoir without damaging performance, as a result 'commercial production' can start sooner.
UK Oil & Gas confirms completion of initial flow tests for horizontal Horse Hill well
The well flowed some at 1,087 barrels of fluid per day during ‘clean-up’ with oil cuts of up to 60%
Proactive weekly oil & gas highlights: UKOG, Union Jack, Longboat, i3 Energy, Bahamas Petroleum ...
It was an active week for London's small-cap oil market with project updates, IPOs, and share placings.
UK Oil & Gas cheers completion of Horse Hill’s horizontal well
"Horse Hill's first optimally placed horizontal is now poised to enter its next key phase, the eagerly anticipated flow testing campaign,” said UKOG CEO Stephen Sanderson
UKOG says new well is “optimally placed” as horizontal drilling completes
"We are delighted to have safely and successfully delivered a significant 2,500 ft of horizontal section within the Portland reservoir's sweet-spot, the prime 35 ft zone containing the reservoir's most oil productive sandstones."
UK Oil & Gas confident as Horse Hill’s horizontal drilling starts
The plan is to have both the vertical HH-1 and horizontal HH-2z starting long-term production in late 2019
UK Oil & Gas set for horizontal drilling at Horse Hill project
The vertical pilot section of the Horse Hill 2/2z well is now nearing completion, before some 1,000 metres are cut into the Portland reservoir’s “most productive zone”.
UK Oil & Gas ‘confident’ as new drilling kicks off at Horse Hill project
“We are confident that the meticulously planned HH-2/2z operation, the first of two planned horizontal wells in the Portland oil pool, leaves little to chance."
UK Oil & Gas prepares for new Horse Hill drilling as rig arrives
"The journey to long-term oil production at Horse Hill has now begun,” said Stephen Sanderson.
UK Oil & Gas looks forward to imminent horizontal drilling at Horse Hill
A drill rig will arrive at the Horse Hill site later this month.
UK Oil & Gas increases its stake in Horse Hill to just under 86%
UKOG will pay £8mln upfront, comprising £5mln in cash and £3mln in shares. A further £3mln becomes due before the end of the year and then another £1mln before 1 April 2020.
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Sabien Technology soars as it wins contract and signals expectation of a move into profit
A look at the day's major movers, including Woodford Patient Capital, Quadrise, Dods, Oxford Instruments, Carclo, Quiz, Mporium and Ted Baker
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Horse Hill production tops 50,000 barrels as operator readies for new drilling
The much-awaited simultaneous HH-2/2z Portland horizontal drilling and HH-1 Kimmeridge test campaign is fast approaching
Investments and investor services
FTSE 100 closes higher despite continued trade fears
China has pledged to spend more on infrastructure to offset any downturn caused by Trump’s trade tariffs
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A glance at some of the day's highlights from the Proactive Investors newswire
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EQTEC gives ground as it draws on its loan facility
A look at the day's major movers, including Carclo, Sareum, Karelian, Kier, Fulcrum, Microsaic, Dignity and Scapa
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Proactive weekly oil & gas highlights: Block Energy, Hurricane Energy, SDX Energy ...
Funding news, project updates and financial results all featured in a busier week for the sector.
Alba kicks off zinc drill programme in Ireland
“The Irish Zinc Ore Field has been a major source of zinc production since the 1960s and is host to some very significant, high-grade zinc mines.”
Investments and investor services
Thomas Cook slumps again as debt-for-equity swap or emergency rights issue is expected
A look at the day's major movers, including Future, Capital & Regional, Tiger Resource, Metro Bank, eve Sleep, Maistro and Staffline
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Proactive news snapshot: Alba Mineral Resources, Immotion Group, Pan African Resources …
A glance at some of the day's highlights from the Proactive Investors newswire
Alba boosted by latest data from Horse Hill production test
Production stats continue to impress and the latest pressure test data exceeded expectations.
UKOG reveals better than expected data from Horse Hill test programme
Production stats continue to impress and the latest pressure test data exceeded expectations.
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Proactive weekly oil and gas highlights: Hurricane Energy, Block Energy, Columbus Energy, 88 Energy ...
It was a short but busy week, for the oil and gas sector.
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Proactive news snapshot: Tower Resources, ECSC Group, Motif Bio, Asiamet Resources …
A glance at some of the day's highlights from the Proactive Investors newswire
UK Oil & Gas takes control of Holmwood to focus on ‘Horse Hill look-alike’
For UKOG, the deals give it control over 'one of the best untested prospects in the Weald basin, for Europa and Union Jack, it provides an exit to a project stalled in the planning office
Union Jack Oil exits Holmwood project, takes shares in UK Oil & Gas
It means UJO can now concentrate on key focus areas in the East Midlands, Humber Basin and East Yorkshire
Europa Oil & Gas deals out of Holmwood project
It has cashed out of Holmwood, monetising a project which has stalled in the planning permission process and remains uncertain
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FTSE 100 ahead at the close as investor appetite returns
The premier UK share index finished around 33 points higher at 7,469
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Proactive oil and gas weekly highlights: Eco Atlantic Oil & Gas, Gulf Keystone Petroleum, Europa Oil & Gas ...
It was another busy week in the oil and gas sector with funding deals, project updates and customary financial results.
Europa Oil & Gas looks to CNOOC well catalysts as its Irish farm-out progresses
It is awaiting an investment decision from a "major international oil company" and in the coming months CNOOC's planned Iolar well could significantly de-risk prospects in Ireland's Atlantic exploration frontier
UKOG says new Horse Hill drilling is on-track to start during Q2
“We remain fully on track to drill new horizontals in the second quarter of this year and are even more confident that the new Portland horizontal well can achieve its 720-1,080 bopd target,” said Stephen Sanderson
Alba boosted as Horse Hill’s test production continues to deliver
Some 45,000 barrels of crude have so far been recovered during 'test' production at Horse Hill
UKOG to hit acquisition trail and could target foreign assets
Horse Hill plans are paid for, so the £3.5mln of new funds are now earmarked for new ventures
Archive
Proactive weekly oil and gas highlights: United Oil & Gas, Europa, Touchstone Exploration, 88 Energy, Mosman Oil And Gas, Tlou, Columbus Energy Resources
It was another week full of highlights in the small-cap oil and gas sector.
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China New Energy powers higher as director tops up his stake
A look at the day's major movers, including Alpha Real Trust, Global Petroleum, Zinc Media, GCM and Oxford Metrics
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Proactive news snapshot: Symphony Environmental Technologies, Alba Mineral Resources, OptiBiotix Health …
A glance at some of the day's highlights from the Proactive Investors newswire
Alba Mineral Resources says it is pleased with Horse Hill test performance
"We are pleased to see continued stable production reported from the Portland Sandstone and look forward to further updates from the operator as the programme continues"
UK Oil & Gas reports Horse Hill production milestones as ‘testing’ continues
Some 35,000 barrels of crude have so far been recovered from Horse Hill where test production continues and new drilling in the coming months aims to expand capacity
Investments and investor services
FTSE 100 closes Friday higher and gains on week as investor growth fears ease
The footsie closed up nearly 43 points at 7,228, while FTSE 250 gained almost 208 points at 19,491
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Proactive news snapshot: NetScientific, Capital Drilling, Horizonte Minerals …
A glance at some of the day's highlights from the Proactive Investors newswire
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RedT Energy Storage shares plunge as it announces strategic review and equity raise
A look at some of the top risers and fallers in London on Thursday.
Europa Oil & Gas hands over operatorship of Holmwood to UKOG
UKOG has hands-on experience at the successful Horse Hill oil discovery which is located in the licence block next door
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FTSE 100 closes higher as no deal Brexit fears ease
Footsie closed around 26 points higher at 7,185, while FTSE 250 added around 103 points at 19,283
UKOG eyes long term production at Horse Hill as Portland test flows resume
“The flow test results to date, combined with the prospect of further near term drilling, place Horse Hill in a strong position to deliver positive ‘free’ cash flow."
Archive
Proactive Weekly Oil & Gas highlights: 88 Energy, UK Oil & Gas, Cabot Energy, Echo Energy ...
Project updates, management changes and funding efforts kept investors engaged this week.
UK Oil & Gas increases stake in Horse Hill project with Doriemus deal
"We are delighted to acquire this further share of our Horse Hill flagship oil production project,” said Stephen Sanderson
Good results from Horse Hill needed to re-ignite interest in Weald Basin oil play
Brockham is 20 miles from Horse Hill and part of a clutch of prospects in the Weald Basin
UK Oil & Gas aims to drill nine wells between 2019 and 2020, move Horse Hill into permanent production
The AIM-listed group also said that after a successful drilling campaign, it plans to move Horse Hill's ongoing test-based oil production into permanent production by the end of 2019
Archive
Proactive news snapshot: ECSC Group, Anglesey Mining, Sirius Minerals …
A glance at some of the day's highlights from the Proactive Investors newswire
Alba Mineral Resources hails production test success at Horse Hill oil project
Continuous oil production is anticipated through most of 2019 - the current test programme will run to spring, before two new wells are drilled and then tested through to the autumn, and, UKOG hopes permanent production will kick off in the
UK Oil & Gas investors unimpressed by Horse Hill testing update
Continuous oil production is anticipated through most of 2019 - the current test programme will run to spring, before two new wells are drilled and then tested through to the autumn, and, UKOG hopes permanent production will kick off in the
Alba Mineral Resources busy on many fronts
Alba holds 11.765% of the underlying Horse Hill project
UK Oil & Gas ups stake in Arreton project with Solo Oil deal
Its stake rises to 95% via the £350,000 transaction
UK Oil & Gas: Deluge of date shows Horse Hill’s Kimmeridge is “commercially viable”
UKOG said that well testing results to date indicate that the KL3 zone is “commercially viable”.