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Proactive news summary: Horse Hill, Gemfields, Motive Television, SolGold and more.
Big news at the Horse Hill discovery well, while Motive Television breaks the US and results from SolGold's latest drilling.
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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Big news at the Horse Hill discovery well, while Motive Television breaks the US and results from SolGold's latest drilling.
It is a good looking result, there's no getting away from that. Now, here's a quick guide to what we now know about Horse Hill, the so-called 'Gatwick Gusher'.
Below are the main news-driven share price changes at 1.00pm.
A seven hour test yielded initial unassisted flow rates of 463 barrels of oil per day from one of two intervals in the well’s deeper Kimmerage limestone play.
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China Nonferrous Gold said non-executive director Abuali Ismatov has today resigned from the board for personal reasons.
Main share price risers and fallers in London at around 1.45pm
One of the most eagerly awaited tests ever onshore in the UK has got underway near Gatwick
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Shareholders signed off Shell’s acquisition of BG.
Chairman Neil Ritson says Arreton “looks very attractive as an early opportunity” within the new licence.
A new assessment of a British Gas well from 1974 has defined some 219mln barrels of oil-in-place.
Investments and investor services
The FTSE 100 dropped over 2%, ending the day around 150 points lower at 6,093.
A 30-day testing phase can answer some of the key questions over the high profile oil discovery near Gatwick airport.
The Footsie backtracked 115 points to 6126 amid weak Chinese manufacturing figures
Investments and investor services
The Footsie fell 115 points to 6126 on downbeat Chinese manufacturing data
Read it and weep blue-chip backers: the AIM 100 trounced the FTSE 100 in 2015, and sported some sensational performances.
Solo’s new licence covers an area of approximately 200 sq km covering five part blocks
Among the recipients are London quoted IGas, Ithaca Energy, Europa, Egdon Resources, UKOG, and Solo Oil.
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On the week where Brent crude fell below US$40 a barrel, there was a few corporate smatterings and UK project Horse Hill was once again in the frame.
With Angus coming to market there will be SEVEN different Horse Hill stakeholders listed on AIM.
88 Energy, Cairn Energy and Lekoil also had news out this week