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 […]
Tag: Union Jack Oil plc
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 […]
Drilling, production and more time granted for West Newton JV
Rathlin Energy (UK) Ltd has been granted permission for drilling, production and more time for further exploratory drilling at its West Newton oil and gas joint venture in East Yorkshire. APPLICATIONS The operator can conduct drilling and production at the West Newton A site for 20 and have a further three years for further exploratory […]
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 […]