News Oil & Gas

UKOG appeals over refusal for Loxley gas appraisal

UK Oil & Gas plc said it had submitted an appeal to the Planning Inspectorate against Surrey County Council (SCC)’s decision to refuse permission for the Loxley gas appraisal. The onshore hydrocarbon company added that it expected a public inquiry to be held during the autumn and a decision by the end of 2021. UKOG […]

News Oil & Gas

United H1 success secured by Egyptian assets

United Oil & Gas plc reported a successful first half of 2020 with group revenue of $2.4 million (£1.86m) and gross profit of $0.3 million (£0.23m) due to the company’s integration of its Egypt assets. Interim results showed profit after tax at $1.8 million (£1.4m) with realised oil price of $28.26/bbl. Cash collections in the […]