Profits down at Star Energy and Union Jack
Star Energy and Union Jack Oil have reported falling profits in interim accounts published this week.
Egdon shares rise 80%+ as it agrees to £27m takeover
Egdon Resources, the company behind the UK’s newest onshore oil producer, announced this morning it has agreed to a takeover by Petrichor Partners.
Wressle oil delivers first Union Jack annual profit
Oil production from the Wressle field in north Lincolnshire helped boost annual revenue by 349% for Union Jack, the company said today.
Wressle boosts Egdon production
Egdon Resources increased oil production by 27% in the second half of 2022, thanks to the Wressle field in North Lincolnshire.
3 onshore oil and gas wells drilled in 2022 – official data
Just three onshore wells were drilled in 2022, despite record oil and gas prices.
Egdon reports 530% increase in oil and gas revenues
The oil and gas operator, Egdon Resources, has reported increased revenues of more than 530% because of rising production and prices.
Egdon Resources challenged over changes to Biscathorpe oil production plans
The company behind long-term oil extraction at Biscathorpe in the Lincolnshire Wolds was accused today of inconsistencies in its plans.
Egdon makes late offer on Biscathorpe
Less than a fortnight before an appeal on plans for long-term oil production in the Lincolnshire Wolds, the operator has made a new offer.
Arguments over Biscathorpe oil production to be made at appeal hearing
Two sides in the planning dispute over long-term oil production in the Lincolnshire Wolds get the chance to put their case at a hearing next week.
Union Jack reveals drilling plans and maiden profit
Union Jack Oil has revealed plans for two new wells next year, as it reported its first profit.
DRILL OR DROP? 