Two further production wells and a third to well to reinject any water produced with the oil are planned for the Wressle joint venture at Lodge Farm in Broughton, North Lincolnhire. PROPPANT SQUEEZE The first well will target the Penistone Flags formation, primarily a gas reservoir, with produced gas exported into the local network via […]
Tag: Wressle – Lincolnshire
Union Jack swings to £3.6m profit from 340% rise in revenue
Union Jack Oil plc recorded its first net profit of £3,606,624 post tax from a 340% increase in oil revenues mainly from the Wressle joint venture in the East Riding of Yorkshire. FINANCES The company’s audited results for the year ended 31 December 2022 showed revenues from oil sales of £8,507,050 (2021: £1,894,875) from Wressle […]
Europa looks to active year for off-onshore assets
Europa Oil & Gas (Holdings) plc said it expected an active coming year for its hydrocarbon assets offshore and onshore United Kingdom. WRESSLE In an operations report, the company looks to drilling during 2023 and preparations for 2024 at the joint venture (JV) onshore Wressle oil field in which it holds a 30% working interest. […]
Wressle-1 well continues to ‘exceed expectations’
Egdon Resources plc said production continued to exceed expectations since the proppant squeeze at the Wressle-1 well on PEDL180 and PEDL182 in East Yorkshire. REVISED PERMIT The company also announced it had received the revision to the Environmental Permit. This will allow installation of a combustion plant for gas-to-electric generation and a new potential revenue […]
Egdon exceeds 500bopd with Wressle proppant squeeze
Egdon Resources plc said that the proppant squeeze had resulted in excess of 500 barrels of oil per day under extended well testing operations at Wressle, North Lincolnshire. FORECAST The operator has completed the coiled tubing operation and the Ashover Grit reservoir had returned to flow. The well flow is continuing to clean-up and has […]