The Wressle joint venture will submit details on downstream emissions for the onshore oil project after the local authority rescinded its earlier planning permission as the companies anticipated. CONFIDENT Europa Oil & Gas (Holdings) plc and Union Jack Oil plc said last month that they expected the September consent to be quashed after North Lincolnshire […]
Tag: Wressle oil field – Lincolnshire
Europa revenues fall on lower production-prices
Europa Oil & Gas (Holdings) plc revenue fell by nearly half on lower oil production and prices following a busy and “at times challenging” year. POTENTIAL The company’s interests are onshore UK – notably the Wressle joint venture – Equatorial Guinea and Ireland. Results for 12 months ended 31 July 2024 show revenue fell 46% […]
Wressle JV expects wells consent to be quashed
The Wressle joint venture expects September’s local authority permission to be quashed for two new wells at the onshore Lincolnshire site. SCREENING North Lincolnshire Council informed the companies that, following legal opinion and the Supreme Court decision in June, it would not resist a proposed legal action to challenge the consent. The court ruled that applications […]
Two new wells approved for Wressle JV
The Wressle oil joint venture will continue developing the onshore well site after receiving planning permission from North Lincolnshire County Council. PRODUCTION Approval covers extension of the existing site to drill two new wells and construction of gas processing facilities and an underground gas pipeline to connect Wressle to the local gas distribution network. The […]
Wressle-1 averages 665bopd with pump rates in review
Wressle-1 well production is currently averaging 665 barrels of oil per day at the onshore joint venture in North Lincolnshire. MAXIMISATION Operator Egdon Resources UK Ltd (30%) continues to evaluate the reservoir response to increased pump rates, approved by the Environment Agency, within PEDL180/182 . Union Jack Oil plc (40%), which today reported US$18 million […]
Wressle 2P gross reserves increase 263% in new CPR
The Wressle onshore oil and gas joint venture reported a 263% increase in 2P gross reserves based a new competent person’s report. VINDICATION Partners comprise operator Egdon Resources UK Ltd (30%), Union Jack Oil plc (40%) and Europa Oil & Gas (Holdings) plc (30%). ERC Equipoise Ltd’s CPR is dated 31 December 2023 and compares […]