Europa Oil and Gas will today ask Surrey Council for a three year extension to its temporary permission period for the Holmwood well in the Weald Basin.
Europa Oil & Gas has farmed out at 12.5% slice of its Weald Basin holdings to Angus Energy.
Aberdeen-based Zenith Energy has won a contract worth a six-figure sum to provide well management services for Europa Oil and Gas.
UK Oil & Gas Investments has paid £3.5m to acquire another licence in the highly prospective Weald Basin, near Gatwick Airport.
UK Oil & Gas (UKOG) said it has raised £4million through the placing of new ordinary shares in the company.
The oilman who proclaimed that the so-called Gatwick Gusher would yield multiple billion barrels of oil has enjoyed this week's positive news from producer UK Oil and Gas Investments that the Horse Hill prospect is coming good.
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.
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 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.