UK Oil and Gas Investments (UKOG) has raised £2 million via a placing of 100 million new ordinary shares at 2p per share.
UK Oil and Gas Investments (UKOG) has confirmed plans for two further drilling sites in Sussex.
UK Oil & Gas Investments (UKOG) has now drilled a section of its Broadford Bridge-1 exploration well in West Sussex.
UK Oil and Gas Investments has announced that it has started drilling at its Broadford Bridge Kimmeridge Limestone exploration well.
The Oil and Gas Authority has granted more time for the Horse Hill discovery.
UK Oil & Gas Investments (UKOG) has named Allen Howard as its new non-executive director of the firm.
UK Oil & Gas (UKOG) today confirmed it was on the hunt for copycats of its hugely successful onshore Horse Hill well.
A new study has quadrupled UK Oil and Gas' Kimmeridge reserves estimate, it was today confirmed.
The Oil and Gas Authority (OGA) has approved two licence extensions and three licence conversions for UK Oil & Gas (UKOG).
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 (UKOG) said it has raised £4million through the placing of new ordinary shares in the company.
UK Oil & Gas Investments (UKOG) has bought Angus Energy’s remaining 7.8% interest in the Horse Hill-1 oil discovery.
A new report has said UK onshore discovery, Horse Hill, could create up to 5,500 jobs and be worth up to £52.6billion.
UK Oil & Gas tripled its resource base overnight after Xodus pegged its Arreton prospects to contain 219 million barrels.
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.
UK Oil & Gas has received permission from British authorities to flow test the Horse Hill-1 ('HH-1') oil discovery well.
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.
The Oil and Gas Authority has approved UK Oil & Gas Investments's bid acquire a 20% interest in UK onshore Weald Basin licence PEDL143.
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.
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 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.
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.
UK Oil and Gas (UKOG) is poised to take the onshore market by storm. The firm confirmed in its latest company results that it had the finance and technology partners to leverage its prospects – which includes Horse Hill’s 9.2 billion barrel find.
UK Oil and Gas (UKOG) has signed an alliance and consulting services agreement with US-based NUTECH Energy Alliance. The companies will work together to maximise the potential value of the Horse Hill area licences in England. NUTECH have previously analysed thousands of wells for oil majors in around 80 countries and last year completed a detailed analysis of the conventional potential of 381 UK onshore wells.