News Oil & Gas

Union Jack nets £1m revenue from Wressle

Union Jack Oil plc said it had generated US$1 million net revenues since production restarted during August from the Wressle hydrocarbon development in North Lincolnshire. PRODUCTION The company added that the current daily production figures were far in excess of the targeted 500 barrels of oil per day from the Ashover Grit reservoir. The well […]

News Oil & Gas

Egdon defers proppant squeeze due to equipment delay

Egdon Resources (UK) Ltd said that a planned proppant squeeze has been postponed by two to four weeks due to a delay in equipment arriving for the oil development at Wressle, North Lincolnshire. Main contractor Schlumberger Oilfield UK plc has been detained due to the equipment being held on a job over-run outside of the UK, as […]

News Oil & Gas

Europa aims for balanced oil and gas portfolio

Europa Oil & Gas (Holdings) plc saw its operations continue to progress while the company minimised losses and controlled spending during the second half of 2020. In its interim report for six months ended 31 January 2021, the company recorded a fall in revenue to £0.5 million compared with the first half ended 31 July […]