Proactive weekly oil and gas highlights: UKOG, Sound Energy, Europa Oil & Gas, Providence Resources ...
It was another busy week in the oil and gas sector.
Company
LON:UKOG
UKOG focusses primarily on oil and gas assets located in the Weald Basin in southern England where oil and gas drilling has been taking place for well over 100 years. Modern technologies have dramatically altered the methodology of the business – and subsequently drastically reduced the environmental impact for local communities and residents. Get your cbd oil delivery from USA UKOG, thanks to its policy of investing in expert advice from the world’s major analysts, is leading the way in ensuring that any oil and gas developments are conducted with full respect to the countryside and a determination to preserve the well-being and way of life of local residents. UKOG’s shares are listed and trade on London’s Alternative Investment Market (AIM). The current portfolio includes eight oil and gas assets held under Petroleum Exploration and Development Licences (PEDL). All assets are onshore. The Company is well funded and plans to grow its core UK Weald business with a programme of development and acquisition. Our technical team is driving the “proof of concept” for the new and potentially significant Weald Kimmeridge limestone naturally-fractured oil play, demonstrated by the successful Horse Hill-1 exploration well.
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It was another busy week in the oil and gas sector.
Alba has an 11.765% stake in Horse Hill, and, it is now one of only two London-listed beneficiaries of the rapidly advancing asset
A look at some winners and losers in UK equity trading during Friday's session
The Portland reservoir is now considered commercially viable following the successful recent well test - which presently continues in the deeper Kimmeridge zones
The company evisages Horse Hill field development would comprise three production wells, and, as such new planning applications are now said to be near completion
It was another busy week in the smal cap oil and gas sector.
Latest production test results added some emphasis to the project's 'Gatwick Gusher' moniker
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A glance at some of the day's highlights from the Proactive Investors newswire
Test production rates are ahead of those seen in 2016 and UKOG suggested it is now "increasingly likely" that both the Portland and Kimmeridge will be commercial at Horse Hill
In the wake of Balcome's positive test results, investors will also be keen to see the flow rates at Horse Hill
Meanwhile, the Portland reservoir is estimated at 7mln-11mln barrels OIP and a long-term production scoping report has been submitted to Surrey County Council
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A glance at some of the day's highlights from the Proactive Investors newswire
Meanwhile, the Portland reservoir is estimated at 7mln-11mln barrels OIP and a long-term production scoping report has been submitted to Surrey County Council
"The year to date has seen Solo take significant strides towards its strategic goal of monetising the mature assets within our portfolio,” Maling said
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
A look at the day's major movers, featuring Hardy Oil & Gas, Amerisur Resources, ECR, CMC, Low & Bonar, Corero Network Security and Learning Technologies Group
Investors in both Solo and UKOG now eagerly await news from the production testing in Horse Hill’s deeper Kimmeridge zones
It was another busy week of deals and operations updates in the junior oil and gas sector.
“We are confident that the HHDL transaction provides an important taste of things to come,” Shore Capital analyst Craig Howie said
A move to a horizontal development could see the Portland yield some 720 to 1,080 bopd
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A glance at some of the day's highlights from the Proactive Investors newswire
It was another busy week in the junior oil and gas sector.
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A look back at some of the more interesting stories from the junior market over the past week
UKOG has stakes in a number of onshore oil projects which have been in the spotlight
The Holmwood disappointment comes amid rising tensions between UK onshore oil firms and environmental protesters
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A look back at some of the more interesting stories from the junior market over the past week
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Thursday
It cements UKOG's position as the dominant Horse Hill stakeholder, according to chief executive Stephen Sanderson
Solo is effectively swapping its stake in Horse Hill for a 4% shareholding in UKOG, to be held for sale.
In the currency markets, the pound is down 30% against the US dollar, while the pound is up 0.26% against the Euro..
The third week of August was a quiet as one might suspect, nonetheless, there were several oil firms that still had news for investors.
With a 36.985% stake in the project, UKOG is now the largest single party in the Horse Hill venture
It was another active week in the oil and gas sector.
Short term test flows continue to exceed rates seen in the prior 2016 programme
In order to advance the ‘Horse Hill-alike’ oil project, Europa will today submit a planning application to Surrey County Council seeking a variation of conditions under a prior appeal decision
It was another active week in the oil and gas sector.
Initial indications are better than expected ahead of the formal sequence of testing in the Horse Hill well.
Some of the main news driven risers and fallers on Monday afternoon ...
The UK onshore oiler is seeking to become an operating company, meaning it will be able to directly own controlling operated interests in projects instead of being simply an investment company
It was another busy week for the oil sector, especially those investing onshore UK.
UKOG is the largest London-listed stakeholder in the Horse Hill oil project, located about 5 miles from Gatwick Airport
“40 API oil at Horse Hill in the Kimmeridge limestones was a great surprise. Because that is better quality than North Sea #Brent. The better surprise was that both the Kimmeridge and Portland oil were DRY #Oil on the initial flow tests - N
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The week saw some big share price movements for London's junior oil & gas explorers
The AIM-listed firm said the operating loss for the six-month period to 31 March 2018 was £4.38mln compared to £1.07mln for the same period last year
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A glance at some of the day's highlights from the Proactive Investors newswire
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A look at some of the top risers and fallers in London today
Investors have been waiting for this longer-term programme to get underway and they will be hoping the results back up the 2016 flow rates when the HH-1 well flowed at 1,688 bopd albeit over a short period
The UK index of leading shares closed almost 84 points higher at 7,621..
It was a busy week of high profile project updates for the junior oil and gas sector.
It comes after UK regulators confirmed the Horse Hill project was clear to undergo a long term production testing programme
Horse Hill stakeholders UKOG, Solo Oil and Alba Mineral all saw shares rise as investors look forward to a potentially pivotal phase for the onshore UK oil discovery
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
It was another busy week in the oil and gas sector, thanks to project updates and a variety of progress reports.
It comes as the British oil junior advances plans for new drilling and well testing across southern England,
The British explorer says the conventional resource base underpins the 'significant growth potential' in the Kimmeridge assets.
It was another busy week in the oil and gas sector.
Future wells will be located between Horse Hill, Balcombe and the existing BB-1 discovery well
The handful of small-cap companies behind Horse Hill will be looking for the “imminent” drill programme to prove that the successful 2016 tests weren’t a fluke
The UK oil firm has revealed more of its findings from the Broadford Bridge well, and it has identified two more potential drill sites
In November last year, HHDL was given the green light to carry out extended flow tests at HH-1
Will EU leaders approve the Brexit transition deal reached between Michel Barnier and David Davis?
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A look back at some of the more interesting stories from the junior market this week
"We are pleased to have reached this important stage in the environmental permitting process,” said Hugh Mackay, Europa chief executive
This week the oil and gas sector brought news of new exploration plans, project updates and financial results.
The remaining flow tests will be pivotal in the commercial assessment of the project.
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Proactive takes a look at the news from the small cap oil and gas sector
Two investors are converting debt in exchange for new shares
Speculative investors ought to look for the busier firms with active plans for 2018, says Proactive oil guru
Flow testing at the KL3 target suggested the zone is “not economically viable”
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Tuesday
Such is the nature of operations onshore UK, where communications tend to factor in the threat of protest, the companies pursuing the Horse Hill field start-up give somewhat fluid guidance that the new programme will start "in late winter 2
The UK blue chip index closed around seven points higher at 7,544, below the day’s peak of 7,563
Europa confirmed that will a resubmit a Traffic Management Plan to the council and that it intends to appeal to the planning inspectorate
‘Old Father Shale’ an investor who has fast become expert in the geology of the Weald Basin, thinks the naysayers have missed the point in panning Angus’ latest drilling results
London's junior oil firms were raising new funds this past week.
The first zone to be tested at Broadford Bridge would need additional stimulation "beyond the scope of its existing regulatory permissions"
The hotly anticipated flow testing programme is now underway at the Broadford Bridge well in West Sussex
Chief executive Hugh Mackay highlighted the oiler sees " so much activity on so many fronts in the months ahead".
Doriemus boss David Lenigas said it was 'excellent' news for the Brockham partners
Funding deals, acquisitions and planning permissions provided the week's oil and gas highlights.
Tanzanian companies Solo Oil, Shanta Gold, Capital Drilling and Kibo Mining stand to benefit from the news Acacia is nearing a deal with the government
"If everyone does things right, and councils play ball, you’ve got a resurgence in the onshore UK oil industry. “
A new programme of drilling and well testing has been approved by Surrey County Council.
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A glance at some of the day's highlights from the Proactive Investors newswire
Horse Hill's immediate future is due to be decided upon by a council committee on Wednesday
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A look back at some of the more interesting stories on the junior market...
New discoveries onshore UK as well as abroad provided the week's oil and gas highlights.
UKOG boss Stephen Sanderson says the Broadford Bridge well will be restored to an optimal condition for further testing.
Well testing operations are now underway and extensions to planning and permits mean UKOG can complete a full fourteen-week programme
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A look at this week's oil and gas news highlights in the small-cap sector
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London today
New operations could get underway at Horse Hill in the fourth quarter
The FTSE 100 retreated as investors worry about Hurricane Irma, while mixed economic statistics raised fresh concerns over the UK economy.
The completion of the first UKOG-operated well represents an important operational milestone