Egdon Resources plc recorded a further increase in revenue and progress across all its offshore and onshore oil and gas assets in the United Kingdom. FINANCES The company’s general meeting business report showed unaudited revenue for the five-month period from August to December 2022 of £3.08 million (2021: £2.07m). STAND-OUT ASSET At the Wressle joint […]
Tag: Wressle
Union Jack posts transformative half-year results
Union Jack Oil plc reported a transformative six months of the year with its inaugural profits attributed to the Wressle joint venture onshore oil and gas project in Lincolnshire. FINANCES The company’s unaudited results for the half year ended 30 June 2022 showed revenues soared to £4,384,254 (H1 2021: 241,467). Gross profit swung to a […]
Wressle JV partners mark first oil flow
First oil flow was today announced by the joint venture partners at Wressle in North Lincolnshire. The oil field lies in licences PEDL180 and PEDL182 and is operated by Egdon Resources plc (30% interest) with other partners being Union Jack Oil plc (40%) and Europa Oil & Gas plc (30%). The news follows the recompletion of […]
Wressle JV defers work to 2021 and agrees £1m loan
The joint venture at Wressle oil field has deferred workover operations and final commissioning until January 2021, and partner Union Jack Oil has loaned operator Egdon Resources £1 million. The North Lincolnshire oil site lies within Licences PEDL180 and PEDL182. The JV includes UJO (40%) and the operator Egdon Resources (30%), Europa Oil & Gas […]
Egdon starts site works on Wressle JV oil field
Egdon Resources plc has started site works on the joint venture (JV) Wressle oil field near in the East Riding of Yorkshire. DESIGNS The site is in PEDL180 and PEDL182 where Egdon holds a 30% operated interest. The company said that a civils contractor had mobilised and works to reconfigure the Wressle production site had […]