Union Jack Oil plc (UJO) said it had reached net revenues of $7,000,000 (£5.7m) from the Wressle hydrocarbon joint venture development in North Lincolnshire. JOINT VENTURE The company holds a 40% economic interest in the project, which lies in PEDL180 and PEDL182, along with operator Egdon Resources plc (30%) and Europa Oil & Gas (Holdings) […]
Tag: Union Jack Oil plc
Union Jack becomes UKOOG associate member
Union Jack Oil plc (UJO) has become an associate member of industry body United Kingdom Onshore Oil and Gas (UKOOG). ENERGY SECTOR The organisation represents the UK’s onshore oil and gas industry, including exploration and production. UJO executive chairman David Bramhill would work with UKOOG to help promote the benefits of the UK onshore hydrocarbon […]
Union Jack confident after ‘financially transformational’ year
Union Jack Oil plc said it remained highly positive for the future following a nearly 12-fold increase in profits from its exploration and production assets in the UK. FINANCES The company’s audited results for the year ended 31 December 2021 showed revenues rose nearly 12-fold to £1,894,875 (2020: £158,004) from production at Wressle, Keddington oilfield […]
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 […]
Union Jack nets $4m from Wressle JV
Union Jack Oil plc said it had achieved material landmark net revenues of US$4 million from the Wressle hydrocarbon joint venture in North Lincolnshire. OPERATIONS The revenue is the total since production restarted during August 2021. The company holds a 40% economic interest in the development located in PEDL180 and PEDL182, which is operated by […]