# First OIL Expro Limited (01021486)

> Why UK company 01021486 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01021486

- **Status:** Administration ended
- **Administration began:** 2016-02-19
- **Administrators:** Blair Carnegie Nimmo, James Robert Tucker
- **Administrators' firm:** KPMG
- **Formerly:** Tuskar Expro Limited; Shenandoah Expro Limited; Highland Exploration Ltd; Lochiel Exploration (U.K.) Limited
- **Incorporated:** 1971-08-18
- **Location:** London
- **Industry:** 06100 Extraction of crude petroleum

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

The Company was incorporated on 18 August 1971 in the name of Keithcourt Limited FOEL 1s a trading entity within the First Oil Plc group of entities (the “Group”) The Company has changed name a number of times and was renamed FOEL on 19 May 1999 The principal activities of the Company are oil and gas exploration and production For the year ending 30 April 2014 the Company reported a turnover of £60 1 million and made a loss before tax of £70 1 million The Company has one employee

The operations of the Company are regulated by the Oil and Gas Authority ("OGA"), an executive agency sponsored by the Department of Energy and Climate Change FOEL holds licenses issued by the OGA in relation to Its interests in oil and gas fields

The Company has a financial interest in 21 oil and gas field assets These assets are split between producing, development and exploration fields The Company is an operator in respect of one of its exploration assets On the other 20 fields, the Company ts not an operator but Is a party to a joint operating agreement with other entities

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01021486/filing-history/MzE0NTIwMTE0MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01021486

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.