Egdon Resources Ltd and its partners have won an appeal for side-track drilling operation, testing and long-term oil production at the Biscathorpe-2 well site in the Lincolnshire Wolds. POTENTIAL PEDL253 holders Union Jack Oil plc (45%), operator Egdon (35.8%) and Montrose Industries Ltd (19.2%) secured permission after Lincolnshire County Council last year rejected their application. […]
Tag: Biscathorpe – Lincolnshire
Egdon swings to profit on price-production rise
Egdon Resources plc recorded an increase of 500% in overall profits from its onshore oil and gas operations in the East Midlands. OPERATIONS The company’s unaudited results for the six months ended 31 January 2022 show production increased by 116% to 36,714 barrels of oil equivalent (boe) equating to 200 boe per day (boepd) (H1 […]
Egdon appeals against refusal for Biscathorpe sidetrack
Egdon Resources UK Ltd has submitted an appeal against Lincolnshire County Council’s refusal to allow sidetrack drilling, testing and long-term oil production at Biscathorpe. PROCESS The company is the operator of joint venture PEDL253 with a 35.8% interest, Union Jack Oil plc holds a 45% economic interest, and Montrose Industries Ltd has 19.2%. Egdon submitted […]
Egdon to appeal against refusal for Biscathorpe side-track
Egdon Resources plc said it would appeal against the refusal for a side-track drilling operation, associated testing and long-term oil production at Biscathorpe, Lincolnshire. DECISION In November 2021, Lincolnshire County Council (LCC) refused permission for the joint venture (JV) project on PEDL253. In a statement today, operator Egdon said it had decided to appeal after […]
Union Jack increases stake in Biscathorpe for £1m
Union Jack Oil plc (UJO) today said it now held 45% interest in the Biscathorpe joint venture project PEDL253 after buying a 15% stake from Humber Oil & Gas for £1 million. TERMS Other shareholders of the licence include operator Egdon Resources UK Ltd with 35.8% and Montrose Industries Ltd 19.2%. UJO will pay £500,000 […]