Egdon Resources plc has completed the proppant squeeze operation on the Ashover Grit reservoir interval in the Wressle-1 oil well, North Lincolnshire. The oil and gas joint venture project in licences PEDL180 and PEDL182 comprises the operator Egdon (30%), Union Jack Oil (40% economic interest) and Europa Oil & Gas (Holdings) plc (30%). INSPECTION A […]
Tag: Europa Oil & Gas (Holdings) plc
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 […]
Wressle receives approval for crude oil storage
Egdon Resources plc said it had received approval to store crude oil in licences PEDL180 and PEDL182 at Wressle oil field in North Lincolnshire. North Lincolnshire Council granted the site operator permission for full use of the installed oil storage capacity at the site of approximately 2,000 barrels. Egdon said it would also allow full […]
Wressle JV expects proppant squeeze to improve cash flow
Egdon Resources plc announced it had received approval to start the proppant squeeze operation at the Wressle oil field development in North Lincolnshire. OPTIMISATION The operator holds a 30% operated interest in licences PEDL180 and PEDL182 with joint venture partners Europa Oil & Gas (Holdings) plc (30% working interest) and Union Jack Oil plc (40%). […]
Europa aims for balanced oil and gas portfolio
Europa Oil & Gas (Holdings) plc saw its operations continue to progress while the company minimised losses and controlled spending during the second half of 2020. In its interim report for six months ended 31 January 2021, the company recorded a fall in revenue to £0.5 million compared with the first half ended 31 July […]
Europa to raise £2m via placing-broker option
Europa Oil & Gas (Holdings) plc has conditionally raised £2 million through a placing and broker option. The company conditionally raised £1.5 million (before expenses), through the issue of a total of 115,384,616 new ordinary shares at a price of 1.3 pence per placing share. Europa has also granted a broker option to conditionally raise up to a […]