Union Jack Oil plc has reached material landmark net revenues of US$9,000,000 from the Wressle joint venture hydrocarbon development in North Lincolnshire. OPERATIONS Union Jack holds a 40% economic interest in the development, operated by Egdon Resources, which restarted production on 19 August 2021. The company said that the well, located on licences PEDL180 and […]
Tag: Egdon Resources UK Ltd
Union Jack nets $5m from Wressle
Union Jack Oil plc said it had now gained net revenues of US$5 million (£4m) from the Wressle onshore hydrocarbon development in North Lincolnshire. OPERATIONS The figure is the amount to date since production restarted in August 2021, and is an increase of £1m since the end of March 2022. The company holds a 40% […]
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 refused more time for N. Kelsey well
Egdon Resources plc has been refused more time to drill the North Kelsey-1 exploration oil well in Lincolnshire. APPEAL The company had applied for a further 12-month extension to the existing planning permission from 2020. Managing director Mark Abbott said that the company would appeal against the county council’s decision. “The decision of the planning […]
Egdon notes significant potential of Wressle-1
Egdon Resources plc announced “significant potential” from analysis of the downhole hole pressure data of the Wressle-1 well, East Yorkshire. POTENTIAL Independent energy consultancy ERCE conducted the interpretation on behalf of project partners Egdon (operator – 30%), Europa Oil & Gas (Holdings) plc (30%) and Union Jack Oil (40%). Egdon said in a statement that […]
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 […]