UK Oil & Gas plc has appointed Matt Gormley as chief financial officer in a non-board position. Mr Gormley was previously group financial controller of Shanta Gold Ltd and an audit manager at Grant Thornton UK LLP. With effect from 1 January 2022 the board will also be restructured. Kiran Morzaria, chief executive of Cadence […]
Tag: UK Oil & Gas plc
UKOG looks to new strategy after Arreton appraisal refused
UK Oil & Gas plc (UKOG) plans to switch to international, geothermal and hydrogen projects after being refused permission to appraise and test the Arreton oil and gas discovery on the Isle of Wight. RESEARCH Arreton lies within the 200 km² PEDL331 in which the company holds a 95% operated interest and a two-year extension July […]
UKOG completes purchase of equipment for Horse Hill oil
UK Oil & Gas plc (UKOG) announced it had paid the final instalment to PW Well Test Ltd for surface production equipment at Horse Hill oil field in Surrey. In July 2020, the company bought the equipment from PW for £1.65 million. This would be paid in three equal instalments of £550,000 either wholly in […]
UKOG appeal inquiry against Loxley refusal set for July
UK Oil & Gas plc (UKOG) said its appeal against Surrey County Council’s refusal to grant permission for the Loxley gas appraisal well will be heard at a public inquiry on 27 July 2021. HYDROGEN The inspectorate’s process starts on 1 March and ends with the inquiry, expected to last up to nine days with a decision […]
UKOG makes second payment for Horse Hill equipment
UK Oil & Gas plc (UKOG) said it had completed the second instalment due under the sale and purchase agreement with PW Well Test Ltd (PW) for surface production equipment for Horse Hill oil site in Surrey. UKOG bought the equipment from PW for £1.65 million with the purchase to be made in three equal […]
UKOG injunction upheld over Horse Hill oil protest
UK Oil & Gas plc has had its injunction upheld by the High Court against protesters at its Horse Hill oil site near Gatwick Airport in Surrey. The company said that the judge, Mrs Justice Falk DBE found yesterday (9 February) that there was “a sufficiently real and imminent risk to justify the interim injunction […]