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 […]
Tag: Union Jack Oil plc
Union Jack revenue reaches $3m from Wressle
Union Jack Oil plc announced it had achieved $US3 million (£2.2m) net revenues since production restarted from the Wressle oil and gas development in Lincolnshire. PRODUCTION The company holds a 40% economic interest in the project’s licences PEDL180 and PEDL182 where production restarted on 19 August 2021. Union Jack said that current daily production figures […]
Egdon to appeal against refusal for Biscathorpe side-track
Egdon Resources plc said it would appeal against the refusal for a side-track drilling operation, associated testing and long-term oil production at Biscathorpe, Lincolnshire. DECISION In November 2021, Lincolnshire County Council (LCC) refused permission for the joint venture (JV) project on PEDL253. In a statement today, operator Egdon said it had decided to appeal after […]
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 […]
West Newton analysis shows potential ‘significant’ hydrocarbons
Investment company Reabold Resources plc said that an initial analysis of an extended well test (EWT) showed potential for “significant hydrocarbon” production at the West Newton joint venture project in East Yorkshire. EWT Operator Rathlin Energy Ltd conducted the EWT in Q4 2021 and commissioned RPS Group to produce a review assessing the potential of […]
Union Jack reaches £2m revenue from Wressle
Union Jack Oil plc (UJO) announced it had gained landmark net revenues from the Wressle hydrocarbon development in North Lincolnshire. PRODUCTION The joint venture within PEDL180 and PEDL182 comprises operator Egdon Resources plc (30%), UJO (40%) and Europa Oil & Gas Holdings plc (30%). UJO said that since the re-start of production on 19 August […]