Egdon Resources plc announced a decrease in losses while production remained within guidance during the six months ended 31 January 2021 from its UK oil and gas interests. The operator’s unaudited results showed production was 92 barrels of oil equivalent per day (H1 2020: 178 boepd) in line with guidance of 90-100 boepd. FINANCE Oil […]
Tag: Egdon Resources UK Ltd
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 […]
Egdon losses rise, revenues halve and gas survey is delayed
Egdon Resources plc reported revenues more than halved and losses widened in its results published today for the year ended 31 July 2020. The company also announced that the 3D seismic survey over its offshore gas discoveries has been deferred until February 2022 following a revised environmental impact assessment. In its financial report, gross oil […]
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 […]