UK Oil and Gas Investments

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UK Oil and Gas Investments plc (UKOG) is a company with shale gas exploration licences in the UK.

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 is estimated however that only around 3-15% of this oil may actually be recoverable.

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Notes

  1. [http://ir1.euroinvestor.com/asp/ir/IGas/NewsRead.aspx?storyid=13119618&ishtml=1 UK Shale Farm out Agreement with INEOS Upstream Limited ("INEOS"), Igas Energy PLC press release, 10 March 2015