Union Jack takes £1m loan from Egdon
The company with the biggest stake in the Wressle oil field has agreed a £1m loan from the site operator, Egdon Resources.
The company with the biggest stake in the Wressle oil field has agreed a £1m loan from the site operator, Egdon Resources.
The UK’s newest onshore oil production site has confirmed it is planning two new wells.
For the first time since 1935, no onshore oil or gas wells were drilled in a calendar year, according to 2021 data from the industry regulator.