Wressle well test nets Union Jack $300,000 – company report
Union Jack Oil reported today it had made about US$300,000 (£217,000) from test production at the Wressle well in North Lincolnshire.
Horse Hill operator declares £17.8m loss
The operator of the Horse Hill oil site in Surrey lost nearly £18m in the year to September 2020 –a more than 15-fold increase on the year before.
September 2021 headlines
Keep up with September 2021’s news with our digest of daily updated headlines about the business, regulation and campaigns around UK fracking, shale, and onshore oil and gas.
Wytch Farm operator loses £101m+
The UK’s largest producing onshore oil producer lost more than £100m last year, according to company accounts.
Rathlin reports £1m+ loss in 2020
Rathlin Energy, the operator of two oil and gas sites in East Yorkshire, has declared an annual loss in 2020 of £1,015,920. This was slightly smaller than the previous year.
UKOG reports £1m+ loss in six months
UK Oil & Gas plc has reported an operating loss of £1.02m for the six months to the end of March 2021.
Wressle proppant squeeze still awaiting consent but West Newton well tests imminent – Union Jack
Final consent had not yet been granted for the stimulation of the Wressle oil well in North Lincolnshire, Union Jack Oil confirmed today. But the company announced that tests on wells at two West Newton sites in East Yorkshire were expected soon.
Horse Hill is a “talented but troublesome teenager”, says UKOG as it goes into the red
The Horse Hill oil field in Surrey, once described by its owner as world class, was likened today to a “talented but troublesome teenager”.
UK tax benefits boost finances of Cuadrilla’s Australian owner
The Australian mining company that owns Cuadrilla is back in profit, partly thanks to benefits from the UK tax system.
Losses rise at Egdon – preliminary results
Egdon Resources reported a £4.75m loss today, along with falling production and revenues.
DRILL OR DROP? 