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.
Oil production from the Wressle field in north Lincolnshire helped boost annual revenue by 349% for Union Jack, the company said today.
Egdon Resources increased oil production by 27% in the second half of 2022, thanks to the Wressle field in North Lincolnshire.
Just three onshore wells were drilled in 2022, despite record oil and gas prices.
The oil and gas operator, Egdon Resources, has reported increased revenues of more than 530% because of rising production and prices.
The company behind long-term oil extraction at Biscathorpe in the Lincolnshire Wolds was accused today of inconsistencies in its plans.
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.
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 Oil has revealed plans for two new wells next year, as it reported its first profit.
Egdon Resources announced today it had submitted an appeal against the refusal of planning permission for its undeveloped North Kelsey site in Lincolnshire.
Plans by Egdon Resources to drill for oil in Lincolnshire will not cut energy bills, opponents said during a 17-mile pilgrimage between two proposed sites.