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 […]
Tag: Humber Oil & Gas
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 […]
Rathlin starts West Newton B-1 main borehole drilling
Rathlin Energy (UK) Ltd has started drilling at the onshore West Newton B-1 (WNB-1) well, following the West Newton A-2 (WNA-2) appraisal well (PEDL183), in East Yorkshire. The site operator will use a Drillmec HH 220 drilling rig to drill a borehole to an approximate depth of 2,000 metres and take six to ten weeks […]