Proactive weekly oil and gas highlights: UKOG, Sound Energy, Europa Oil & Gas, Providence Resources ...
It was another busy week in the oil and gas sector.
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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It was another busy week in the oil and gas sector.
Alba has an 11.765% stake in Horse Hill, and, it is now one of only two London-listed beneficiaries of the rapidly advancing asset
A look at some winners and losers in UK equity trading during Friday's session
The Portland reservoir is now considered commercially viable following the successful recent well test - which presently continues in the deeper Kimmeridge zones
The company evisages Horse Hill field development would comprise three production wells, and, as such new planning applications are now said to be near completion
It was another busy week in the smal cap oil and gas sector.
Latest production test results added some emphasis to the project's 'Gatwick Gusher' moniker
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Test production rates are ahead of those seen in 2016 and UKOG suggested it is now "increasingly likely" that both the Portland and Kimmeridge will be commercial at Horse Hill
In the wake of Balcome's positive test results, investors will also be keen to see the flow rates at Horse Hill
Meanwhile, the Portland reservoir is estimated at 7mln-11mln barrels OIP and a long-term production scoping report has been submitted to Surrey County Council
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Meanwhile, the Portland reservoir is estimated at 7mln-11mln barrels OIP and a long-term production scoping report has been submitted to Surrey County Council
"The year to date has seen Solo take significant strides towards its strategic goal of monetising the mature assets within our portfolio,” Maling said
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's major movers, featuring Hardy Oil & Gas, Amerisur Resources, ECR, CMC, Low & Bonar, Corero Network Security and Learning Technologies Group
Investors in both Solo and UKOG now eagerly await news from the production testing in Horse Hill’s deeper Kimmeridge zones
It was another busy week of deals and operations updates in the junior oil and gas sector.
“We are confident that the HHDL transaction provides an important taste of things to come,” Shore Capital analyst Craig Howie said
A move to a horizontal development could see the Portland yield some 720 to 1,080 bopd