Difference between revisions of "UK Oil and Gas Investments"

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==Oil bonanza: Dallas coming to Dorking==
 
==Oil bonanza: Dallas coming to Dorking==
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In April 2015 UKOG announced it had made a discovery of 'world class reserves' in the south east of England - some 50-100bn barrels, compared with some 45bn barrels extracted from the North Sea over a period of 40 years. It was estimated at the time however that only around 3-15% of this oil might actually be recoverable.
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In April 2015 UKOG announced it had made a discovery of 'world class reserves' in the south east of England - some 50-100bn barrels, compared with some 45bn barrels extracted from the North Sea over a period of 40 years. It was estimated at the time however that only around 3-15% of this oil might actually be recoverable.
  
 
==Injunction against protestors==
 
==Injunction against protestors==
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[[File:UKOG-women-July-2017-broadford-bridge.jpg|thumb|right| Women protesting at Broadford Bridge in July 2017]]UKOG and its partners [[Magellan Petroleum]] and [[Horse Hill Developments]] were awarded a High Court injunction against protest at its Horse HIll and Broadford Bridge exploration sites in September 2018.  
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[[File:UKOG-women-July-2017-broadford-bridge.jpg|thumb|right| Women protesting at Broadford Bridge in July 2017]] In early 2018 UKOG and its partners [[Magellan Petroleum]] and [[Horse Hill Developments]] applied to the courts for a 'draconian' and wide-ranging injunction that sought to outlaw protests at three exploration sites in West Sussex and Surrey. This followed the occupation of the Horse Hill site by protestors in November 2017.
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Six environmental campaigners unsuccessfully sought to overturn this injunction attempt in the High Court, accusing UKOG of attempting to stifle protest in a “draconian and chillingly anti-democratic” fashion. The injunction – addressed to “persons unknown” – would cover all campaigners protesting at the UKOG sites. Those breaching the injunction could be jailed, fined or have their assets seized. The campaigners included actress Sue Jameson,  and together crowdfunded £20,000 in public donations for legal costs. <ref> Rob Evans, [https://www.theguardian.com/environment/2018/jul/02/oil-companys-draconian-and-anti-democratic-injunction-challenged Oil company's 'draconian and anti-democratic' injunction challenged ], The Guardian, 2 July 2018 </ref>
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The High Court injunction against protest at its Horse HIll and Broadford Bridge exploration sites was awarded in September 2018.  
 
<ref> [https://www.ukogplc.com/ul/Sealed%20UKOG%20%20injunction%20order%203%20September%202018.PDF Sealed UKOG injunction order 3 September 2018.PDF], UKOG website, 3 September 2018 </ref>
 
<ref> [https://www.ukogplc.com/ul/Sealed%20UKOG%20%20injunction%20order%203%20September%202018.PDF Sealed UKOG injunction order 3 September 2018.PDF], UKOG website, 3 September 2018 </ref>
  

Revision as of 03:32, 12 July 2019

FrackWell.png This article is part of the Spinwatch Fracking Portal and project

UK Oil and Gas Investments plc (UKOG) is a British company with shale gas exploration licences in the UK. It is listed and trades on London’s Alternative Investment Market (AIM) and ISDX Growth Market.

Oil bonanza: Dallas coming to Dorking

In April 2015 UKOG announced it had made a discovery of 'world class reserves' in the south east of England - some 50-100bn barrels, compared with some 45bn barrels extracted from the North Sea over a period of 40 years. It was estimated at the time however that only around 3-15% of this oil might actually be recoverable.

Injunction against protestors

Women protesting at Broadford Bridge in July 2017

In early 2018 UKOG and its partners Magellan Petroleum and Horse Hill Developments applied to the courts for a 'draconian' and wide-ranging injunction that sought to outlaw protests at three exploration sites in West Sussex and Surrey. This followed the occupation of the Horse Hill site by protestors in November 2017.

Six environmental campaigners unsuccessfully sought to overturn this injunction attempt in the High Court, accusing UKOG of attempting to stifle protest in a “draconian and chillingly anti-democratic” fashion. The injunction – addressed to “persons unknown” – would cover all campaigners protesting at the UKOG sites. Those breaching the injunction could be jailed, fined or have their assets seized. The campaigners included actress Sue Jameson, and together crowdfunded £20,000 in public donations for legal costs. [1]

The High Court injunction against protest at its Horse HIll and Broadford Bridge exploration sites was awarded in September 2018. [2]

People

Former

  • Monaco-based Australian entrepeneur David Lenigas was until 2015 UKOG's chairman (also of Horse Hill Developments Ltd Afrian, Rare Earth Minerals among others).
  • Barton Willmore (Conceptual Alternative Sites Selection Study of the Weald Basin - 5 October 2015)
  • Nutech (Technical Report on Horse Hill-1 Well - 8 April 2016)
  • Schlumberger (Schlumberger Petrophysical Evaluation of Horse Hill-1 Well - 4 June 2015)
  • Xodus Group (Competent Person's Report PEDL 126 Markwells Wood 5 October 2015), (Jurassic Tight Oil Conceptual Development Study - 5 October 2015), (Executive Summary: Onshore Isle of Wight 28 January 2016)
  • EY (report on Kimmeredge Oil 18 April 2016)

Partnerships and affiliations

Resources

Contact

Address: 8th Floor, The Broadgate Tower
20 Primrose Street
London EC2A 2EW, United Kingdom
Website: https://www.ukogplc.com/index.php

Resources

Notes

  1. ↑ Rob Evans, Oil company's 'draconian and anti-democratic' injunction challenged , The Guardian, 2 July 2018
  2. ↑ Sealed UKOG injunction order 3 September 2018.PDF, UKOG website, 3 September 2018
  3. ↑ Ruth Hayhurst, UKOG sets out plans for the Weald, Drill or Drop, 28 June 2019, accessed 1 July 2019
  4. ↑ UK Shale Farm out Agreement with INEOS Upstream Limited ("INEOS"), Igas Energy PLC press release, 10 March 2015
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