Pantheon Resources up as its says it can develop a processing facility that should produce gas for less than US$5 a barrel
A look at some of the biggest London-listed risers and fallers today
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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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A look at some of the biggest London-listed risers and fallers today
"This fundraising, the largest in the company's history, has illustrated great confidence in our strategy to deliver near-term commercial production"
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A look at some of the biggest London-listed risers and fallers today
“Our target of drilling Markwells Wood by Q2 2019 is unlikely to be affected," says executive chairman Stephen Sanderson.
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A 30 to 45-day drill programme got underway on Alaska's North Slope earlier this week.
Two companies, three wells
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A glance at some of the stories on the Proactive newswire today
The company already has planning permission for Broadford Bridge-1 (BB-1) in West Sussex and the drill pad has been constructed.
The update from the partners also provided a timeline for testing the Horse Hill well in Surrey as well as setting out a detailed work programme.
“The company is of the firm opinion that the drilling of the BR-X4Z well, which was approved by the OGA, EA and HSE, did not constitute a breach of the planning consents," Angus said.
“We believe that UKOG’s assets are at the early stage of appraisal and that further appraisal and testing have the potential to unlock what we believe to be the most exciting potential new resource the onshore UK oil & gas sector has seen i
“As the operator of the nearby Brockham oil field, Angus can provide invaluable technical insights in tandem with our other partners including UKOG, a major stakeholder in the Horse Hill discovery."
The firm will submit a planning application to drill in the coming year.
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A glance at some of the stories on the Proactive newswire today
In the first-half of next year UKOG will move 11 miles along the road from Horse Hill to the PEDL234 licence area
UKOG probably won’t be the first cab off the block as a number of rivals are planning similar exploration programmes.
Broadford Bridge, which like Horse Hill has been estimated to host billions of barrels of oil, is one of a number of new projects planned for 2017 that aim to replicate the standout success of the 'Gatwick Gusher'.