Investments and investor services
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
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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Investments and investor services
A look at the day's major movers, including Alpha Real Trust, Global Petroleum, Zinc Media, GCM and Oxford Metrics
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
"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"
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
The footsie closed up nearly 43 points at 7,228, while FTSE 250 gained almost 208 points at 19,491
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Archive
A look at some of the top risers and fallers in London on Thursday.
UKOG has hands-on experience at the successful Horse Hill oil discovery which is located in the licence block next door
Archive
Footsie closed around 26 points higher at 7,185, while FTSE 250 added around 103 points at 19,283
“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
Project updates, management changes and funding efforts kept investors engaged this week.
"We are delighted to acquire this further share of our Horse Hill flagship oil production project,” said Stephen Sanderson
Brockham is 20 miles from Horse Hill and part of a clutch of prospects in the Weald Basin
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
A glance at some of the day's highlights from the Proactive Investors newswire
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
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 holds 11.765% of the underlying Horse Hill project
Its stake rises to 95% via the £350,000 transaction
UKOG said that well testing results to date indicate that the KL3 zone is “commercially viable”.