David Lenigas’s Doriemus confirms spot in UKOG’s Isle of Wight venture
Executive chairman David Lenigas highlighted what he called “tremendous potential” within the PEDL331 area.
Company
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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Executive chairman David Lenigas highlighted what he called “tremendous potential” within the PEDL331 area.
The application is for a new, extended production test on the existing well - as well as a programme to drill two new wells.
Zak Mir, in a TIP TV segment for Proactive Investors, explained that UKOG shares should soon rise to around 2.5p.
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It's what we at Proactive politely refer to as a nutter stock because its movements often defy logic. Here our resident rune reader tries to make sense of UKOG.
Europa earmarks £600,000 from the sale for the Holmwood project near Horse Hill and plans drilling in 2017
Horse Hill company identifies 282 million barrels of oil at nearby well
We had our chart guru look at UK Oil & Gas, one of the leading players developing the Horse Hill, the so-called Gatwick gusher. But will the shares gush too?
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Round up of this week's oil news from the world of Proactive.
UKOG now owns 31.2% of the project, through a 48% stake in HHDL a consortium that has 65% interest in the two licences.
Nutech upped oil in place figures for the Portland zone by some 200%, meanwhile work has begun for a planning application for the next phase of work at Horse Hill.
Horse Hill could be one of the most important onshore UK discoveries ever, having flowed at rates of almost 1,700 barrels per day from just one oil-bearing zone.
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Extending the licence to October 1 2018 allows a proposed drill programme to go ahead, Europa highlighted.
Shares in the security firm slumped this morning after it emerged that the gunman responsible for the shooting in Orlando was one of its employees.
The more than doubles UKOG’s net acreage holdings in the prime Kimmeridge limestone oil province.
Investments and investor services
IGas Energy and Egdon Resources are among few listed companies with a piece of Britain’s promised shale gas boom.
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The weekly round up news and updates from the world of oil
It recently lifted its stake in two Horse Hill licences to 27.3%.
Investments and investor services
Daily fail. The owner of the popular tabloid saw half-year profits slump 11% from a year earlier.