Losses in Union Jack Oil more than doubled in the first half of 2020, compared with the same period last year.
Union Jack Oil announced this morning it had increased its interest in the Biscathorpe oil site in Lincolnshire.
Union Jack Oil plc is to pay £500,000 to become the largest single investor in the Wressle oil field in North Lincolnshire.
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.
Union Jack Oil has announced plans to restart an extended well test at the West Newton-A oil and gas site in East Yorkshire.
Union Jack Oil plc has raised £5m to press ahead with drilling plans at West Newton in East Yorkshire, the company announced this morning.
Rathlin Energy has suspended the extended well test at its West Newton well site in East Yorkshire – just a week after the start.
Egdon Resources, the company behind plans for long-term oil production at Wressle near Scunthorpe, said today North Lincolnshire Council had withdrawn its case against the company.
An investor in the West Newton wellsite in East Yorkshire has said it could be the UK’s largest onshore gasfield and the largest onshore hydrocarbon discovery since 1973.
Edgon Resources confirmed this afternoon it had begun drilling its oil exploration well at Biscathorpe, near Louth in Lincolnshire.