Proactive Weekly Oil highlights: UKOG, Angus Energy, Egdon Resources ...
It was another busy week for the oil sector, especially those investing onshore UK.
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 for the oil sector, especially those investing onshore UK.
UKOG is the largest London-listed stakeholder in the Horse Hill oil project, located about 5 miles from Gatwick Airport
“40 API oil at Horse Hill in the Kimmeridge limestones was a great surprise. Because that is better quality than North Sea #Brent. The better surprise was that both the Kimmeridge and Portland oil were DRY #Oil on the initial flow tests - N
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The week saw some big share price movements for London's junior oil & gas explorers
The AIM-listed firm said the operating loss for the six-month period to 31 March 2018 was £4.38mln compared to £1.07mln for the same period last year
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A glance at some of the day's highlights from the Proactive Investors newswire
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A look at some of the top risers and fallers in London today
Investors have been waiting for this longer-term programme to get underway and they will be hoping the results back up the 2016 flow rates when the HH-1 well flowed at 1,688 bopd albeit over a short period
The UK index of leading shares closed almost 84 points higher at 7,621..
It was a busy week of high profile project updates for the junior oil and gas sector.
It comes after UK regulators confirmed the Horse Hill project was clear to undergo a long term production testing programme
Horse Hill stakeholders UKOG, Solo Oil and Alba Mineral all saw shares rise as investors look forward to a potentially pivotal phase for the onshore UK oil discovery
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
It was another busy week in the oil and gas sector, thanks to project updates and a variety of progress reports.
It comes as the British oil junior advances plans for new drilling and well testing across southern England,
The British explorer says the conventional resource base underpins the 'significant growth potential' in the Kimmeridge assets.
It was another busy week in the oil and gas sector.
Future wells will be located between Horse Hill, Balcombe and the existing BB-1 discovery well
The handful of small-cap companies behind Horse Hill will be looking for the “imminent” drill programme to prove that the successful 2016 tests weren’t a fluke