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Is David Lenigas’s Gatwick Gusher back on? UK Oil and Gas and associated Lenigas companies with exploration rights to the supposed Little Texas in the Sussex Weald had their shares suspended at the behest of regulators this morning following a suspicious surge in their share prices yesterday. UKOG shares closed up some 18% last night. Convenient for punters who’ve seen them fall dramatically since the company’s officials first talked of 100 billion barrels of black gold in them thar hills. As ever with this story, it’s not entirely clear what’s going on, but a statement presumably updating the market on technical assessments of the potential reserves is imminent.
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