TRADING UPDATES: 88 Energy expands Texas footprint with acquisitions
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Read more(Sharecast News) - UK Oil & Gas has obtained all the necessary explosives permits to deploy new seven-inch perforating guns, it announced on Friday, designed to penetrate the nine-and-five-eighths-inch casing of the Pinarova well fully.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
Read moreUK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says the UK North Sea Transition Authority has granted a one-year extension to the PEDL137 retention area work programme at its Horse Hill oil field in southern England until September 30, 2025. Adds that work programme now fully corresponds to the farm-in programme agreed with Pennpetro Energy PLC announced on Monday.
Read more(Alliance News) - Pennpetro Energy PLC and UK Oil & Gas PLC on Monday said they have agreed to extend their conditional agreement for Pennpetro to farm-in to the Horse Hill oil field in southern England.
Read moreUK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says that the "continued profitability" of the Horse Hill oil field has allowed the operator, Horse Hill Developments Ltd, to make a payment of GBP675,000 to UK Oil & Gas. Explains that this represents a partial repayment of certain historic shareholder loans. UK Oil & Gas holds an effective 86% interest in the field and surrounding PEDL137 licence, and a 78% direct shareholding in HHDL.
Read more(Sharecast News) - UK Oil & Gas reported a positive financial development related to the Horse Hill oil field on Friday.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read moreUK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says that as part of a GBP3 million funding facility, it has delivered the first and second tranches of ordinary shares to RiverFort Global Opportunities PCC Ltd and YA II PN Ltd, in relation to the first cash sum received of GBP2 million gross. Adds that these shares can be converted at the investors' discretion to repay the loan, the balance of which now stands at GBP1.4 million. Any equity shares unsold at the end of the loan term or on early repayment will be sold by the investors and the net proceeds repaid to the company.
Read more(Sharecast News) - UK Oil & Gas updated the market on testing operations at the Pinarova-1 well on Friday, with testing set to resume in around four weeks.
Read moreUK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Pinarova-1 well operator, Aladdin Middle East, says that the resumption of testing operations within the Germik/Hoya sequence, is expected in around four weeks. Says testing will cover the section where strong oil odours were recorded over a 12-hour period during drilling.
Read more(Alliance News) - UK Oil & Gas PLC on Friday said it has "finally" sourced larger and more powerful 7-inch perforating guns, following the temporary suspension of Pinarova-1 testing operations in Turkey.
Read moreUK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says UK High Court judge Karen Steyn refuses Protect Dunsfold permission to appeal the ruling from July that UKOG's planning consent for its conventional gas and hydrogen feedstock project in Surrey was entirely lawful.
Read more(Alliance News) - UK Oil & Gas PLC on Thursday said the High Court ruled that planning consent for its conventional gas and hydrogen feedstock project in Surrey, is entirely lawful.
Read more(Alliance News) - UK Oil & Gas PLC on Thursday said the Avington joint operating committee has formally agreed to restart oil production at the field in Hampshire, England.
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