We spoke with Andrew Bell, Chairman of Regency Mines Plc (AIM:RGM) about their Horse Hill RNS and subsequent investment in UK Oil & Gas Investments Plc (AIM:UKOG). We also put a number of shareholder questions about RGM’s US Coal projects to Andrew. Listen to what he had to say here.
Regency Mines Plc (“Regency” or the “Company”), the natural resource company with interests in oil and mineral exploration, announces that the Company has agreed to sell 19 of the 50 shares in Horse Hill Limited (“HHDL”) announced on 22 February 2016 and 23 February 2016.
UK Oil & Gas Investments PLC (London AIM and NEX: UKOG) announces that the drilling rig and key equipment necessary to drill the Broadford Bridge-1 (“BB-1”) Kimmeridge Limestone well are now on site.
Last Thursday’s market update announce the terms of the Farm-Out Agreement between Alba and Angus Energy Weald Basin No 3 Limited (“Angus”), and receipt of the consent of the Oil and Gas Authority (“OGA”).
The Brockham partners have now completed the assignment from Angus to Alba of a 5% participating interest in Production Licence (PL) 235 comprising the Brockham Oil Field. Alba is now therefore a licensee under PL 235.’
But this is just one part of the Alba story, we take a look across the portfolio with a Share Price currently sitting at 0.26
LSE Share talk catch up with Andrew Bell to talk about Horse Hill Update – Upgrade to Portland Oil in Place RNS 19th July 2016.
The really big story about the Gatwick gusher.
What is – and is not – happening at the Horse Hill farm site only 20 miles from the southern outskirts of London is remarkable. On one hand, we have what genuinely can be described as significant – and even game changing – amount of oil. So congratulations are in order for the UKOG team for quietly, literally under Gatwick Airport’s radar, producing some actual hydrocarbons.