Lincolnshire – DRILL OR DROP?

Egdon seeks second time extension for oil drilling at North Kelsey

By Ruth Hayhurst on July 3, 2020 • ( Leave a comment )

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

By Ruth Hayhurst on June 24, 2020 • ( Leave a comment )

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

By Ruth Hayhurst on April 3, 2020 • ( 8 Comments )

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

By Ruth Hayhurst on March 31, 2020 • ( Leave a comment )

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

By Ruth Hayhurst on March 18, 2020 • ( 6 Comments )

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

By Ruth Hayhurst on March 9, 2020 • ( Leave a comment )

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

By Ruth Hayhurst on January 1, 2020 • ( Leave a comment )

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.