UK Oil and Gas raises £500,000 for Yorkshire hydrogen store
UK Oil and Gas (AIM:UKOG) has raised £500,000 from investors to acquire land for a salt cavern hydrogen storage site.
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Power Moves: New board members for AREG and more
Aberdeen Renewable Energy Group (AREG) has appointed two new directors, Allan MacAskill and Andrew Wilson, to its board. The appointments represent more than 60 years of combined energy sector experience for AREG, whose mission is to champion the Northeast's renewable energy sector.
RWE backing for UKOG hydrogen boosts shares
RWE's "letter of support" for UKOG's hydrogen storage scheme will increase its chances for UK government funding.
UKOG raising £2m from new shares
UK Oil and Gas Investments (UKOG) has raised £2 million via a placing of 100 million new ordinary shares at 2p per share.
UKOG finds proof of “continuous oil accumulation” at Sussex site
UK Oil and Gas Investments (UKOG) has confirmed plans for two further drilling sites in Sussex.
UKOG drills Broadford Bridge well
UK Oil & Gas Investments (UKOG) has now drilled a section of its Broadford Bridge-1 exploration well in West Sussex.
UKOG kick starts drilling at Broadford Bridge project
UK Oil and Gas Investments has announced that it has started drilling at its Broadford Bridge Kimmeridge Limestone exploration well.
OGA grants more time for Horse Hill
The Oil and Gas Authority has granted more time for the Horse Hill discovery.
UKOG appoints former Nutech COO as director
UK Oil & Gas Investments (UKOG) has named Allen Howard as its new non-executive director of the firm.
UK Oil & Gas on the hunt for copycat Horse Hills
UK Oil & Gas (UKOG) today confirmed it was on the hunt for copycats of its hugely successful onshore Horse Hill well.
UKOG quadruples Kimmeridge oil estimate, says new “flagship” to sit alongside Horse Hill
A new study has quadrupled UK Oil and Gas' Kimmeridge reserves estimate, it was today confirmed.
OGUK gets more time for Horse Hill, will push ahead with Kimmeridge appraisal
The Oil and Gas Authority (OGA) has approved two licence extensions and three licence conversions for UK Oil & Gas (UKOG).
UKOG makes loss, but says onshore position is strong
UKOG made a loss of £1.26million, according to its latest financial update. However, the operator said it was perfectly poised to leverage the UK's onshore potential.
UK Oil & Gas raises £4m for Weald Basin activities
UK Oil & Gas (UKOG) said it has raised £4million through the placing of new ordinary shares in the company.
UKOG snaps up Horse Hill acreage for £1.8million
UK Oil & Gas Investments (UKOG) has bought Angus Energy’s remaining 7.8% interest in the Horse Hill-1 oil discovery.
UKOG’s Horse Hill to create up to 5,600 jobs and be worth up to £52.6bn
A new report has said UK onshore discovery, Horse Hill, could create up to 5,500 jobs and be worth up to £52.6billion.
UKOG triples resource base with 219million gain
UK Oil & Gas tripled its resource base overnight after Xodus pegged its Arreton prospects to contain 219 million barrels.
UKOG receives OGA approval for 10% stake in Weald Basin
UKOG (UK Oil & Gas) said it has received final regulatory consent from the OGA (Oil and Gas Authority) to acquire a further 10% interest in the Weald Basin licence PEDL143. The company will make the move via a farm-in with Warwick Energy Exploration and Production Limited previously announce last month.
UKOG gets nod from Environment Agency for Weald Basin
UK Oil & Gas has received permission from British authorities to flow test the Horse Hill-1 ('HH-1') oil discovery well.
UKOG ups stake in onshore asset
UK Oil & Gas (UKOG) has completed a farm-in with Warwick Energy Exploration and Production to acquire a further 10% UK onshore Weald Basin licence PEDL143.
OGA approves onshore farm-in
The Oil and Gas Authority has approved UK Oil & Gas Investments's bid acquire a 20% interest in UK onshore Weald Basin licence PEDL143.
UKOG independent evaluation estimates billions of barrels in Weald basin
UK Oil and Gas (UKOG) said it has received an oil in place (OIP) evaluation from US specialist Nutech which shows more than 15 billion barrels of oil could lie within the Weald basin area. The company said it had asked Nutech to conduct its study over eight of the licence area in which it has interest in Southern England. Nutech estimated 15.7billion barrels could lie within three Jurassic shale and interbedded limestone tight oil plays underlying the eight licence areas in the Weald basin.
UKOG has planning permission extended for West Sussex licence
UK Oil & Gas (UKOG) said planning permission for the Markwells Wood-1 site in West Sussex has been extended until next year. The company said the local planning authority approved the move for the well site in the South Downs National Park. UKOG owns a 100% interest in the Markwells Wood licence and is currently working on a field development plan which could then be submitted to the Oil and Gas Authority (OGA) for approval to move the licence from its current exploration phase into an 18-year production period.
UK Oil & Gas receives oil studies from Xodus
UK Oil & Gas said it has received conceptual oil development studies from Xodus Group as part of its ongoing evaluation to explore the viability of the Jurassic Kimmeridge limestone tight oil play. The company has an interest in the 11 licences in the Weald and Purbeck-Wight Basins of Southern England. The conceptual studies are based on developing multiple potential sites in across the licences.
Horse Hill analysis estimates more than 10 billion barrels of oil
UK Oil & Gas (UKOG) said an independent analysis by Schlumberger has estimated 10.9billion barrels of oil could lie within 55miles of the PEDL137 and PEDL246 Horse Hill licences. The estimate follows on previous calculations made by Schlumberger last month. The analysis also builds on the previous petrophysical evaluation of Horse Hill-1 located in PEDL137 near to London Gatwick Airport.