Union Jack Oil plc has agreed a £1 million secured term loan facility from Egdon Resources UK Ltd, operator of the Wressle joint venture oil field in North Lincolnshire. CONDITIONS Union Jack will use the funds as additional working capital for general corporate purposes. The company holds 40% of Wressle, which lies within PEDLs 180 […]
Tag: PEDL180 – PEDL182
Wressle 2P gross reserves increase 263% in new CPR
The Wressle onshore oil and gas joint venture reported a 263% increase in 2P gross reserves based a new competent person’s report. VINDICATION Partners comprise operator Egdon Resources UK Ltd (30%), Union Jack Oil plc (40%) and Europa Oil & Gas (Holdings) plc (30%). ERC Equipoise Ltd’s CPR is dated 31 December 2023 and compares […]