Egdon Resources plc said that production had exceeded 390,000 barrels of oil from the Wressle joint venture (JV) in North Lincolnshire. PARTNERS The JV with interests in PEDL180 and PEDL182 comprises Egdon as operator (30%), Union Jack Oil plc (40%) and Europa Oil & Gas (Holdings) plc (30%). OPERATIONS The production figure was reported to […]
Tag: Wressle oil field – Lincolnshire
Union Jack reaches £12m revenue from Wressle
Union Jack Oil plc has reached material net revenues of US$12 million from the Wressle joint venture hydrocarbon development in North Lincolnshire on the western margin of the Humber Basin. OPERATIONS The figure dates from the restart of production in licences PEDL180 and PEDL182 on 19 August 2021. Union Jack, which holds a 40% economic […]
Europa repays £1m loan to Union Jack
Europa Oil & Gas (Holdings) plc said it had repaid in full the £1 million loan from Union Jack Oil plc to drill the SA02 well in the Serenity field. TERMS The loan was secured against a 10% interest in the Wressle field (PEDL180 and PEDL182), including the associated infrastructure. Europa has also repaid the […]
Union Jack reaches $9m revenue at Wressle
Union Jack Oil plc has reached material landmark net revenues of US$9,000,000 from the Wressle joint venture hydrocarbon development in North Lincolnshire. OPERATIONS Union Jack holds a 40% economic interest in the development, operated by Egdon Resources, which restarted production on 19 August 2021. The company said that the well, located on licences PEDL180 and […]
Union Jack reaches $7m revenue from Wressle
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) […]
Egdon FDP and production approved for Wressle
Egdon Resources plc said that the North Sea Transition Authority had approved the field development plan and production for the Wressle oil field in North Lincolnshire. PRODUCTION The joint venture comprises Egdon as operator (30%), Union Jack Oil plc (40%) and Europa Oil & Gas (30%). Egdon added that production for the project, held in […]