17Jun 2017

Bid to tap into sea of oil beneath Downs which could raise millions

UP TO eight wells producing up to one million barrels of oil each could be created across the Sussex countryside if a firm is successful in uncovering a vast sea of oil stretching more than 20 miles.

UK Oil and Gas (UKOG) has begun drilling at Broadford Bridge and hopes to find evidence it is part of a huge continuous deposit stretching from its record-breaking site at Horse Hill.

2Jun 2017

The Next Big Hurdle for Oil and Gas is Water Use

In The Rime of the Ancient Mariner from 1834, English poet Samuel Taylor Coleridge famously quipped “Water, water, everywhere / But not a drop to drink”. The lines speak to the irony of sailing the high seas: there’s unfathomable amounts of water in every direction, but it’s definitely not going to quench the thirst of any sailor.

Surprisingly, the situation is not as different on land as you might think.

1Jun 2017

Share Talk highlight Oil & Gas AIM-listed companies: Part 1

 

We highlight a few Oil & Gas AIM-listed companies that have been gathering shareholder attention lately. A couple have relaunched themselves, some have suffered major setbacks from past heights, while others have gathered pace and are looking to expand. One thing is for sure, life is never dull on the Alternative Investment Market (AIM).

1Jun 2017

Rose Petroleum PLC (AIM:ROSE) Update re disposal of Mexican milling operations

Rose (AIM: ROSE), the AIM quoted natural resources business, is pleased to provide an update on the potential disposal of the Company’s mineral processing mill operation in San Dieguito de Arriba, State of Nayarit, Mexico and its associated assets, licenses and agreements (together, the “SDA Mill”) to Magellan Gold Corporation (OTCQB:MAGE) (“Magellan”), as announced on 6 March 2017.

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