The Wressle production site in Lincolnshire has helped Europa Oil & Gas quadruple its annual revenues.
One of the investors in the Wressle oil field in North Lincolnshire is lending £1m to another.
DrillOrDrop’s review of the latest UK onshore oil data for March 2022: daily production down below 14,000 barrels
Europa Oil & Gas has claimed its strongest interim financial performance for seven years, driven by oil production from the Wressle site in North Lincolnshire.
The operator of the Wressle oil well in North Lincolnshire has said production could reach 1,543 barrels per day.
The operator of the Wressle oil site in North Lincolnshire said well testing would be completed early next year.
Michael Gove has replaced Robert Jenrick as secretary of state for housing, communities and local government.
Europa Oil and Gas saw pre tax losses rise markedly to £5.4m, its accounts for the year to July 2020 revealed today.
The former head of BP and the fracking firm Cuadrilla has warned that oil prices will remain low for “some considerable time”.
The future of Europa Oil & Gas Limited depends on production this year from the Wressle well in north Lincolnshire, the company’s accounts have revealed.