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% […]
Tag: Wressle oil field – Lincolnshire
Europa strong financial results driven by Wressle
Europa Oil & Gas (Holdings) plc said it had recorded its strongest interim results since H1 2014 with a four-fold increase in revenue driven by Wressle oil production and high prices. The company has oil and gas exploration, development and production interests in the UK, Morocco and Ireland FINANCES In its interim results for the […]
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 […]
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 […]
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 […]
Union Jack nets £1m revenue from Wressle
Union Jack Oil plc said it had generated US$1 million net revenues since production restarted during August from the Wressle hydrocarbon development in North Lincolnshire. PRODUCTION The company added that the current daily production figures were far in excess of the targeted 500 barrels of oil per day from the Ashover Grit reservoir. The well […]