North Kelsey – Page 4 – DRILL OR DROP?

Losses rise at Egdon – preliminary results

Egdon Resources reported a £4.75m loss today, along with falling production and revenues.

2020 was a frack free year in the UK because the shale gas industry failed to persuade ministers to lift blocks on the process.

Union Jack Oil has raised £7m for work at oil sites in the East Midlands and future acquisitions.

An oil exploration site in Lincolnshire, where only limited work has been carried out since 2014, will be allowed to operate for another 16 months.

A request by Egdon Resources for more time at its exploration site at North Kelsey has again been backed by council officials.

Egdon Resources is seeking to extend its planning consent for oil exploration at North Kelsey in Lincolnshire for another year.

You can keep up with the news here with our digest of headlines about UK fracking, shale and onshore oil and gas, updated daily.

The moratorium on fracking, along with planning delays and weak commodity prices are a challenge for the future, Egdon Resources has concluded

DrillOrDrop’s round-up of the possible action on UK fracking and onshore oil and gas developments in 2020.

This post has live news updates from discussions of new conditions for Egdon Resources’ North Kelsey oil exploration site.