Losses widen at Union Jack Oil
Losses in Union Jack Oil more than doubled in the first half of 2020, compared with the same period last year.
Union Jack Oil adds to stake in Lincolnshire oil exploration
Union Jack Oil announced this morning it had increased its interest in the Biscathorpe oil site in Lincolnshire.
Oil partners “optimistic” about finding oil with Biscathorpe sidetrack
An oil formation in Lincolnshire, missed by a well drilled last year, could be reached by a new sidetrack, a group of companies said today.
Egdon faces joint threat of fracking moratorium, delays and low gas prices
The moratorium on fracking, along with planning delays and weak commodity prices are a challenge for the future, Egdon Resources has concluded
Union Jack raises £5m for new wells at West Newton and Biscathorpe
Union Jack Oil plc has raised £5m to press ahead with drilling plans at West Newton in East Yorkshire, the company announced this morning.
August 2019 headlines
This month, Cuadrilla began fracking its second well at Preston New Road, near Blackpool. 12 days later it was ordered to stop after causing the UK’s largest fracking-induced earth tremor.
“Biscathorpe analysis raises hopes in PEDL253” – drilling companies
A drilling licence in Lincolnshire remains one of the UK’s largest untested onshore prospects, Union Jack said today, even though the most recent well was suspended without finding oil or gas.
Egdon to seal Biscathorpe oil well after it fails to find target formation
Egdon Resources’ new well at Biscathorpe, near Louth in Lincolnshire, has failed to encounter the oil formation it was targeting, the company said this afternoon.
February 2019 headlines
Drilling is now underway at Biscathorpe, Misson and West Newton – and what will happen this month at Preston New Road and Tinker Lane? Also in February, the inquiry reconvenes into IGas testing plans at Ellesmere Port.
Protest ban for community liaison group on Lincs oil exploration well
An oil company has banned members of a community information group from taking part in protests about its exploration site.
DRILL OR DROP? 