Egdon Resources reported a £4.75m loss today, along with falling production and revenues.
A workover rig has been delivered to Egdon Resources’ Wressle oil site in North Lincolnshire to prepare the well for production.
2020 was a frack free year in the UK because the shale gas industry failed to persuade ministers to lift blocks on the process.
Union Jack Oil announced this morning it is to lend £1m to Egdon Resources, the operator of the Wressle oil site in north Lincolnshire.
Egdon Resources has announced plans for a new well and oil production at its site at Biscathorpe in Lincolnshire.
Opponents of fracking in Nottinghamshire have called for stricter planning controls on future shale gas development in the county.
UK Oil & Gas plc announced this morning it has relinquished an oil exploration licence near Dorking in Surrey, which included a controversial site near the Leith Hill beauty spot.
The operator of the Wressle oil site near Scunthorpe has confirmed it no longer plans to use acidisation to improve production.
An oil exploration site in Lincolnshire, where only limited work has been carried out since 2014, will be allowed to operate for another 16 months.
A request by Egdon Resources for more time at its exploration site at North Kelsey has again been backed by council officials.