21 Jul 2014 08:56
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Don't have an account? Click here to register.Horse Hill oil developers apply for further 'significant' drilling
Mon, 17th Oct 2016 09:16
(ShareCast News) - UK Oil & Gas and its partners in the Horse Hill Developments (HHDL) company drilling for oil close to Gatwick Airport, have applied for planning permission with Surrey County Council for a further round of drilling.The HHDL group, in which AIM peers Alba Minerals, Doriemus, Gunsynd (until recently called Evocutis), Stellar Resources, Regency Mines and Solo Oil all have a stake, has applied for further "significant" appraisal testing and drilling at the oil discovery in the PEDL137 licence area, which they expect to take around 13 weeks.If approved, the companies intend to extend production testing of four zones to confirm the commerciality of the discovery, and to examine a previously untested area.The planning application includes a possible two-well drilling phase to see how much further the oil field spreads out, with a deviated sidetrack to be drilled from the existing HH-1 borehole, together with a new well, called Horse Hill-2."In order to minimise impact to the locality, feedback from both a public consultation and engagement process, undertaken in July, and subsequent meetings with local residents' representatives, was incorporated into the envisaged development design and planning application," the companies said in a statement.UKOG executive chairman Stephen Sanderson said the application is "designed to move these assets into near term oil production and the monetisation of our core recoverable resources"."It is also one of the next key steps in furthering our industry leading knowledge of the Kimmeridge limestone play that lies beneath our extensive acreage holding in the Weald. We look forward to further engaging with stakeholders and to a successful planning outcome," he said.HHDL owns a 65% working interest and operatorship of PEDL137, with the remaining 35% interest held by Magellan Petroleum (UK) Limited.UKOG owns a 48% beneficial shareholding in HHDL, which equates to a 31.2% net working interest in the licences, while Alba owns 15% of HHDL, Doriemus, Stellar and Solo each own 10%, Regency owns 5% and Gunsynd owns 2%. Broker Shore Capital noted that, across three productive horizons, Horse Hill-1 has already seen the highest stabilised rate of dry oil flow seen in any exploration well onshore UK, "and we are pleased to see submission of this planning application as the partners aim to fully appraise the project and generate near term production revenues".
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18 Jul 2014 15:47
16 Jun 2014 17:12
Doriemus To Issue 105 Million New Shares Following Warrant Exercise
LONDON (Alliance News) - Doriemus PLC Monday said it has received a notice of exercise of warrants to subscribe for 105.0 million new shares at an exercise price of 0.04 pence each. In a statement, Doriemus said the new shares are expected to begin trading on Friday. Following their a
Read more16 Jun 2014 07:38
Horse Hill Companies Rise As Work Starts On First Well Site
LONDON (Alliance News) - Solo Oil PLC, Stellar Resources PLC, Doriemus PLC and UK Oil & Gas Investments PLC all saw their shares rise early Monday after saying that the operators of the Horse Hill oil and gas prospect in the Weald Basin near Gatwick Airport had stared building the site for the Ho
Read more16 May 2014 11:46
Solo Oil, Stellar Resources, Doriemus And UK Oil & Gas Investments Say Horse Hill-1 On Schedule
LONDON (Alliance News) - Solo Oil PLC, Stellar Resources PLC, Doriemus PLC and UK Oil & Gas Investments PLC Friday announced that the Horse Hill-1 well is on schedule to go into test production during July towards planned completion in August. The four oil and gas exploration and developmen
Read more2 May 2014 16:48
Doriemus Raises GBP500,000 Through Subscription By New Investor
LONDON (Alliance News) - Doriemus PLC Friday said that it has raised GBP500,000 through the subscription for 500.0 million new shares in the company by a new institutional investor, whom it didn't name. The shares were priced at 0.10 pence per share. It said the new shares represent 9.54% o
Read more25 Apr 2014 10:33
Doriemus Experiences Delays In Brockham Drilling
LONDON (Alliance News) - Doriemus PLC Friday said the operator of the Brockham Field in the Weald Basin, UK, has been experiencing delays to operations beyond of its control. The oil and gas exploration and production company said the delays affected a drill rig which had been expected to s
Read more1 Apr 2014 11:11
REPEAT: Doriemus, UK Oil & Gas Investments To Start Drilling Brockham Well
LONDON (Alliance News) - Doriemus PLC and UK Oil & Gas Investments PLC said Tuesday they received final approvals from the UK government to drill a conventional side-track well on the Brockham Field in the Weald Basin. The companies said the drill rig is expected to spud within 10 to 14 day
Read more1 Apr 2014 11:08
Doriemus, UK Oil & Gas Investments To Start Drilling Brockham Well
LONDON (Alliance News) - Doriemus PLC and UK Oil & Gas Investments PLC said Tuesday they received final approvals from the UK government to drill a conventional side-track well on the Brockham Field in the Weald Basin. The companies said the drill rig is expected to spud within 10 to 14 day
Read more1 Apr 2014 07:46
UK MORNING BRIEFING: Rathbone Brothers Acquires, Places Shares
LONDON (Alliance News) - UK shares have opened mostly higher Tuesday, following through on a strong close in NY and dovish comments from the US Federal Reserve chair.
Rathbone Brothers has made waves early Tuesday, announcing two major acquisitions and a share placi
13 Mar 2014 12:14
Doriemus And UK Oil & Gas Investments Note Positive Reserves And Resource Statements
LONDON (Alliance News) - Doriemus PLC and UK Oil & Gas Investments PLC Thursday announced positive results from reserves and resources statements at Lidsey and Brockham in the UK. The oil and gas exploration and development company's said the report, carried out by RPS Energy Consultants Lt
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