The onshore oil and gas company, Union Jack Oil has announced a loss of £1.1m in its accounts for 2018, published today. This compares with a deficit of £0.75m in 2017.
A new planning application for oil production at the Wressle site near Scunthorpe is expected by the end of April, one of the partners in the project has said.
The number of onshore oil and gas wells drilled in the UK in 2016 was the lowest for nearly 50 years, according to data from the Oil and Gas Authority.
Egdon Resources confirmed this morning drilling has begun at Laughton – the company’s second well to be sunk in Lincolnshire this year. In a statement Egdon said the Laughton-1 well was spudded (the beginning of drilling a new well) on Friday (12th February 2016). In January, Egdon spudded […]
Egdon Resources has announced plans for seven new oil and gas wells over the next year. Four of the wells are in Lincolnshire and have planning permission. Another, near Dorking in Surrey, also has approval after the company’s partner, Europa, won a planning appeal.