Union Jack raises £7m
Union Jack Oil has raised £7m for work at oil sites in the East Midlands and future acquisitions.
Losses widen at Union Jack Oil
Losses in Union Jack Oil more than doubled in the first half of 2020, compared with the same period last year.
Lincolnshire planners again back time extension at Egdon’s North Kelsey oil site
A request by Egdon Resources for more time at its exploration site at North Kelsey has again been backed by council officials.
Egdon seeks second time extension for oil drilling at North Kelsey
Egdon Resources is seeking to extend its planning consent for oil exploration at North Kelsey in Lincolnshire for another year.
Union Jack Oil adds to stake in Lincolnshire oil exploration
Union Jack Oil announced this morning it had increased its interest in the Biscathorpe oil site in Lincolnshire.
Egdon’s late life oil fields “unprofitable” at current prices
Egdon Resources has said it is cutting costs because low oil prices following the coronavirus outbreak have hit profitability in its fields.
Europa cuts costs to fund Wressle oil production
Europa Oil & Gas, one of the main investors in oil production plans at Wressle, announced today it had cut salaries and cancelled non-core contracts because of the coronavirus outbreak and oil price falls.
Wressle production will “break even at $17.62/barrel” – operator
Production from the Wressle oil site near Scunthorpe will break even at $17.62 a barrel, the operator, Egdon Resources, has said. In an update, the company’s managing director, Mark Abbott, said: “Our modelling shows that the Wressle development is economically robust at and below the current oil price […]
Union Jack increases stake in Keddington oilfield
Union Jack Oil said this morning it had acquired an extra 35% stake in the Keddington oilfield in Lincolnshire.
Europa counts on Wressle oil production in 2020
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.
