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Pin to quick picksUk Oil & Gas Share News (UKOG)

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Europa sells PEDL 143 interest to UK Oil & Gas

Tue, 16th Apr 2019 08:38

(Sharecast News) - UK and Ireland-focussed exploration, development and production company Europa Oil & Gas has conditionally agreed to sell its 20% interest in UK onshore licence PEDL 143 to UK Oil & Gas for a total consideration of £0.3m, it announced on Tuesday.The AIM-traded firm said the sale was in line with its strategy to focus on its high-impact portfolio of exploration licences in Atlantic Ireland, its existing producing assets onshore UK, and the pursuit of new ventures in its chosen areas of interest - specifically the Atlantic seaboard, North Africa and north west Europe.It said the sale remained subject to the signing of a sale and purchase agreement - the terms of which had been agreed by both parties - and also approval by the Oil and Gas Authority.The sale would be settled in cash which, under the terms of the proposed sale and purchase agreement, Europa would then immediately, simultaneously and irrevocably use to apply for ordinary shares in UK Oil & Gas equal to £0.3m divided by 1.156p per share.Europa said the consideration shares issued to Europa would be subject to a six month orderly markets provision."The sale of our remaining interest in PEDL 143 demonstrates how we actively manage our portfolio of licences on a risk [and] reward basis," said Europa chief executive officer Hugh Mackay."We will deploy corporate resources and capital elsewhere in our portfolio, mainly in monetising our industry-leading licence position offshore Ireland."Here gross prospective resources of up to 6.4 billion barrels of oil and 1.5 tcf of gas at our flagship Inishkea project have been identified, while farm-in negotiations are ongoing with a major international oil and gas company with a view to drilling up to three high impact wells from 2020 onwards."Mackay said the company was continuing to look to maximise production from its UK onshore assets, including its three producing fields and the Wressle discovery in the East Midlands."Finally, we are closing in on adding a new exploration project to our portfolio, a high impact, new venture in Morocco which, in terms of size and company-making potential, is on a similar scale to our Irish licences."With so much activity underway across our portfolio, I look forward to providing further updates on our progress."
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22 Sep 2023 12:45

UKOG sources more powerful perforating guns for Pinarova-1 testing

(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.

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3 Aug 2023 15:47

IN BRIEF: UK Oil & Gas notes High Court refuses appeal against Loxley

UK 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.

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20 Jul 2023 13:10

UK Oil & Gas up as High Court upholds Loxley planning consent

(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.

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13 Jul 2023 09:26

UK Oil & Gas to restart oil production at Avington field

(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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28 Jun 2023 18:37

TRADING UPDATES: Lansdowne Oil & Gas seeks talks over Barryroe dispute

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Wednesday and not separately reported by Alliance News:

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28 Jun 2023 13:27

UK Oil & Gas announces £3m committed funding facility

(Sharecast News) - UK Oil & Gas announced a £3m committed funding facility through a loan agreement with RiverFort Global Opportunities PCC and YA II PN on Wednesday.

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26 Jun 2023 15:17

IN BRIEF: UK Oil & Gas reports interim loss and revenue decline

UK Oil & Gas PLC - London-based exploration and production company focused on UK and Turkey - Says in its six months ended March 31 that its pretax loss slightly widens to GBP1.39 million from GBP1.35 million the year before. Interim revenue drops to GBP890,000 from GBP911,000 the year prior. The company also reports an operating loss of GBP1.32 million, slightly higher from GBP1.29 million.

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21 Jun 2023 13:57

IN BRIEF: UK Oil & Gas "convinced" Horse Hill legal backing was lawful

UK Oil & Gas PLC - UK-focussed oil and gas exploration company - Alongside UK government and Surrey County council, will defend a Supreme Court hearing to draw line under long-standing legal action against Horse Hill planning consent. Local resident tried to reverse planning permission that had been granted. UK Oil & Gas says final verdict is likely to be heard in late summer or early autumn. The company says that planning consent remains in force and lawful production continues at the Horse Hill site, in which the company holds an 86% interest.

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8 Jun 2023 21:13

UPDATE: UK Oil & Gas backs Loxley decision amid legal challenge

(Alliance News) - UK Oil & Gas PLC on Thursday backed an earlier decision for planning consent at the Loxley gas discovery, in the face of opposition to the Surrey development.

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8 Jun 2023 07:53

LONDON BRIEFING: Wizz Air expects return to profit in financial 2024

(Alliance News) - Stocks in London were set to open flat on Thursday, with market sentiment cautious amid fears that interest rates have further to rise across the globe.

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8 Jun 2023 06:13

Campaigners begin challenge to UKOG gas drilling in Surrey

(Alliance News) - Environmental campaigners will go to the UK High Court to challenge plans to begin gas drilling in rural Surrey.

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23 May 2023 16:12

TRADING UPDATES: Harworth optimistic on 2027; Plexus extends agreement

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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3 May 2023 11:40

IN BRIEF: UK Oil & Gas to run tests as Pinarova-1 reaches final depth

UK Oil & Gas PLC - UK-focused oil and gas exploration and production company - Says Pinarova-1 well in Turkey has reached a final depth of 600 metres below surface. Plans are being made to run a selective cased hole flow test operation. Also, oil samples recovered from Pinarova-1 have been dispatched to the UK for geochemical study to assist investigations into the possibility that a deeper light oil accumulation may exist below the Pinarova area within cretaceous limestones.

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28 Apr 2023 15:42

UK shareholder meetings calendar - next 7 days

Monday 1 May 
no events scheduled 
Tuesday 2 May 
Carr's Group PLCGM re annual report and directors remuneration report
CVC Income & Growth LtdAGM
IOG PLCAGM
Ocado Group PLCAGM
Plus500 LtdAGM
Wednesday 3 May 
Apax Global Alpha LtdAGM
Barclays PLCAGM
GSK PLCAGM
Hyve Group PLCCourt Meeting & GM re acquisition by Heron UK Bidco Ltd
Logistics Development Group PLCAGM
Okyo Pharma LtdGM re proposed cancellation of the ordinary shares of no par value
Reach PLCAGM
Reckitt Benckiser Group PLCAGM
Standard Chartered PLCAGM
Tritax Big Box REIT PLCAGM
Unilever PLCAGM
Thursday 4 May 
AIB Group PLCAGM
Aviva PLCAGM
Aviva PLCGM re capital reduction
BAE Systems PLCAGM
Bivictrix Therapeutics PLCAGM
Domino's Pizza Group PLCAGM
Glanbia PLCAGM
Grafton Group PLCAGM
Hammerson PLCAGM
Howden Joinery Group PLCAGM
Hurricane Energy PLCCourt Meeting & GM re takeover by Prax Exploration & Production PLC  
Indivior PLCAGM
IMI PLCAGM
Irish Residential Properties REIT PLCAGM
ITV PLCAGM
Jardine Matheson Holdings LtdAGM
Johnson Service Group PLCAGM
LungLife AI IncAGM
Mincon Group PLCAGM
Mondi PLCAGM
Moneysupermarket.com Group PLCAGM
Morgan Sindall Group PLCAGM
Spirent Communications PLCAGM
Personal Group Holdings PLCAGM
Phoenix Group Holdings PLCAGM
Rathbones Group PLCAGM
SIG PLCAGM
Ten Entertainment Group PLCAGM
Travis Perkins PLCAGM
Witan Investment Trust PLCAGM
Friday 5 May 
abrdn Smaller Companies Income Trust PLCAGM
Holders Technology PLCAGM
HSBC Holdings PLCAGM
InterContinental Hotels Group PLCAGM
James Fisher & Sons PLCAGM
Man Group PLCAGM
Rightmove PLCAGM
UK Oil & Gas PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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25 Apr 2023 21:00

TRADING UPDATES: Round Hill Music and Jadestone Energy swing to profit

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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