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Major share price risers and fallers in London at 4.00pm
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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Major share price risers and fallers in London at 4.00pm
Stephen Sanderson, UKOG CEO, said it was a ‘logical step’ and highlighted it is part of an ongoing strategy to consolidate and expand the company’s position in the significant new oil play.
The top-share index fell back but shares on the junior market firmed
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If you are looking for big share price movements, do not bother looking at FTSE 100 stocks
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UK Oil & Gas Investments chief executive Stephen Sanderson reckons the aggregate flow of oil measured in the Horse Hill programme would be equivalent to 8.5% of the UK’s total daily production from onshore fields.
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"Outstanding" and unexpected results at the Horse Hill site near Gatwick, Amur Minerals completes its annual ice road and a potential breakthrough for ANGLE cancer testing.
Sainsbury's to take on Amazon after Argos bid and unexpected news from Horse Hill.
The final Horse Hill test measured oil flows at a rate of 323 bopd from the Portland reservoir, which takes the aggregate for the discovery’s three tested zones to 1,688 bopd.
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Metal Tiger chairman Terry buys £50,000 worth of shares in the AIM listed resources investor, news from Horse Hill and an update of Abzena's acquisitions.
Here are some significant movers at around 2.00pm midweek....
If you don’t yet have a horse in the race, here are the runners and riders.
It flowed at an instantaneous rate above 1,000 bopd, before averaging 838 bopd over a 7.5 hour period.
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Horse Hill off to the races, Forbidden technologies extends contract and PureCircle doubles earnings.
Markets looked on the bright side, driving up the FTSE 100 Index by 48.15 points to 6145 at lunchtime
Major share price risers and fallers in London at 4.30pm
Horse Hill’s Upper Kimmeridge zone, the second of three zones to be tested, has flowed oil to surface at a rate in excess of 900 barrels per day.
The transaction, valued by Regency at £400,000, sees the AIM quoted company making a share payment as well as £223,730 in cash.
New testing success has prompted a return to the UK oil project which Regency exited last April.
Main share price risers and fallers in London at 4pm
A second test, carried out yesterday, lasted for nine hours and oil flowed at a rate of 456 barrels of oil per day.