Latest News

Our news section highlights the latest industry news, press coverage and publications.

Italian Operational Update

United Oil & Gas Plc ("UOG", "United" or the "Company"), the London Stock Exchange listed oil and gas exploration and development company, issues the following update on their Italian licence in the Po Valley.

Solid foundations in Ayenounan. Now set for expansion projects.

We believe DekelOil still offers investors a compelling and a deep value investment opportunity; DekelOil trade on a forward FY18 P/E of 4x on double-digit EPS growth. We have adjusted our price to 30p from 34p, and if the Guitry project is successfully implemented, our target price increases to 36.3p.

Formal Commencement of Second Palm Oil Project in Côte d'Ivoire

DekelOil Public Limited, operator and 100% owner of the profitable and vertically integrated Ayenouan palm oil project in Côte d'Ivoire, is pleased to confirm formal commencement of operations at Guitry, its second project in Côte d'Ivoire (the 'Project'), in which the Company holds a 100% interest.

FDP Addendum submitted to start production from Brockham X4Z Kimmeridge layers

Angus Energy is pleased to announce that following consultation with the UK's Oil & Gas Authority (OGA) it has submitted the required Field Development Plan (FDP) Addendum to commence production from the Kimmeridge layers at its Brockham Oil Field, Production License 235. In addition to the standard HSE consent for any well operations, the FDP Addendum approval from the OGA is the sole regulatory approval required to produce hydrocarbons from the Kimmeridge layers in addition to the existing Portland production. The Company will update investors once the OGA approve the FDP Addendum.

Angus Energy plc (the "Group") is pleased to announce their intention to bring the Kimmeridge into production at its existing Brockham production facility as soon as the necessary OGA approval is in place.

The Brockham X4Z well, drilled to a total depth of 1,391m, was planned to evaluate the Portland, Corallian and Kimmeridge formations at Brockham including an evaluation of the Kimmeridge reservoir that had been demonstrated by the Horse Hill discovery 8 km to the South. 

The operator of the  well at Horse Hill has announced cumulative…

UPLAND RESOURCES LIMITED: Variation of Wressle Farm-in Agreement

Upland Resources Limited (LSE: UPL), the oil and gas company actively building a portfolio of attractive upstream assets, announces that its wholly-owned subsidiary, Upland Resources (UK Onshore) Limited ("Upland UK"), has agreed a variation of the 'long stop' date for satisfaction of the conditions to completion of the conditional agreement dated 24 November 2016 for the farm-ins by Upland UK (by way of assignment from Europa Oil & Gas Limited ("Europa Oil & Gas")) to a 10% interest in each of UK onshore petroleum exploration and development licences ("PEDLs") 180 and 182 (the "Wressle Farm-in Agreement").

Optiva Securities raises £2m for Angus Energy plc

Angus Energy plc ("Angus" or the "Company"), an independent onshore oil and gas development company, is pleased to announce it has raised £2,000,000 by way of private placing (the "Placing") and reached agreement with Europa Oil & Gas Limited ("Europa" or the "Operator") to acquire a 12.5% economic interest by way of a farm-in arrangement in PEDL143 located within the Weald Basin, in southern England and containing the drill-ready Holmwood Prospect (the "Acquisition").

Brockham oil field - Work completed and hydrocarbons encountered in all targeted zones

Angus Energy plc (the "Group") is pleased to confirm that, further to the 18 January 2017 announcement, work to complete, log, case and cement the well at the Brockham oilfiled has now been successfully completed and potential reservoirs have been logged in the Portland, Kimmeridge and Corallian layers with all three formations having hydrocarbon shows.

City broker likes the look of DekelOil Share.

Cantor Fitzgerald has the stock as a buy and has set a target price of 29p

Upland Resources gets green light for Hardstoft acquisition

I am very pleased that the OGA has approved Upland UK's increased stake in PEDL 299,” said Steve Staley, Upland Resources chief executive.

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