Egdon shares rise 80%+ as it agrees to £27m takeover
Egdon Resources, the company behind the UK’s newest onshore oil producer, announced this morning it has agreed to a takeover by Petrichor Partners.
Egdon Resources, the company behind the UK’s newest onshore oil producer, announced this morning it has agreed to a takeover by Petrichor Partners.
Egdon Resources increased oil production by 27% in the second half of 2022, thanks to the Wressle field in North Lincolnshire.
DrillOrDrop’s review of the latest UK onshore oil data, for August 2022: Horse Hill production recovers as key onshore figures rise.
The oil and gas operator, Egdon Resources, has reported increased revenues of more than 530% because of rising production and prices.
The operator of the Wressle oil field in North Lincolnshire reported a 500% increase in oil and gas revenues in its latest interim accounts today.
Angus Energy has reported increased estimates of cash flow from its Saltfleetby site in Lincolnshire. But the company is likely to have to wait longer to see them with another delay in the date when gas is expected to flow.
The exploration and production company, IGas, said today it was reviewing its capital spending plans with the increase in the oil price.
Opposition to fracking has reached a record high of 45%, according to a quarterly government survey of public attitudes.
The company behind oil production at Horse Hill in Surrey has raised £1.275m in a share placing to pay for cost cuts.
Life must be made difficult for oil and gas companies that increase – or fail to reduce – carbon emissions, Lancashire anti-fracking campaigners have argued.