Wressle-1 well production is currently averaging 665 barrels of oil per day at the onshore joint venture in North Lincolnshire. MAXIMISATION Operator Egdon Resources UK Ltd (30%) continues to evaluate the reservoir response to increased pump rates, approved by the Environment Agency, within PEDL180/182 . Union Jack Oil plc (40%), which today reported it had […]
Tag: Egdon Resources UK Ltd
Biscathorpe JV wins appeal to drill and produce from side-track
The onshore Biscathorpe joint venture has won its appeal for side-track drilling operation, testing and long-term oil production at the Biscathorpe-2 well site. HYDROCARBONS Licence PEDL253 holders Union Jack Oil plc (45%), operator Egdon Resources Ltd (35.8%) and Montrose Industries Ltd (19.2%) secured permission after Lincolnshire County Council last year rejected their application. The partners […]
Egdon exceeds 390,000 barrels of oil from Wressle
Egdon Resources plc said that production had exceeded 390,000 barrels of oil from the Wressle joint venture (JV) in North Lincolnshire. PARTNERS The JV with interests in PEDL180 and PEDL182 comprises Egdon as operator (30%), Union Jack Oil plc (40%) and Europa Oil & Gas (Holdings) plc (30%). OPERATIONS The production figure was reported to […]
Egdon to pursue case for safe shale gas extraction
Egdon Resources plc said it would continue to press for the safe extraction of shale gas following yesterday’s government decision to reinstate the ban on hydraulic fracturing. ENERGY NEEDS The company has a joint interest in the Springs Road project in the East Midlands with IGas plc which also condemned the moratorium and is considering […]
Union Jack reaches $9m revenue at Wressle
Union Jack Oil plc has reached material landmark net revenues of US$9,000,000 from the Wressle joint venture hydrocarbon development in North Lincolnshire. OPERATIONS Union Jack holds a 40% economic interest in the development, operated by Egdon Resources, which restarted production on 19 August 2021. The company said that the well, located on licences PEDL180 and […]
Union Jack nets $5m from Wressle
Union Jack Oil plc said it had now gained net revenues of US$5 million (£4m) from the Wressle onshore hydrocarbon development in North Lincolnshire. OPERATIONS The figure is the amount to date since production restarted in August 2021, and is an increase of £1m since the end of March 2022. The company holds a 40% […]