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 […]
Day: 15 November 2024
JOG conditionally acquires Verbier oil discovery
Jersey Oil & Gas (JOG) plans to add a further 12% to its central North Sea interests with the acquisition of licence P2170 blocks 20/5b & 21/1d containing the Verbier oil discovery. ACREAGE The agreement sees the company acquire the entire issued share capital of CIECO V&C (UK) Ltd, owned by ITOCHU Corporation and Japan […]