The leading partner in the Wressle oil site has reported an increase in revenues of 1099% in 2021, compared with the year before.
Europa Oil & Gas has claimed its strongest interim financial performance for seven years, driven by oil production from the Wressle site in North Lincolnshire.
The operator of the Wressle oil well in North Lincolnshire has said production could reach 1,543 barrels per day.
The operator of the Wressle oil site in North Lincolnshire said well testing would be completed early next year.
Union Jack Oil announced this morning that the proppant squeeze planned for the Wressle oil well in North Lincolnshire had been approved.
A key document needed to allow small-scale fracking at Wressle in north Lincolnshire has not yet been approved.
A workover rig has been delivered to Egdon Resources’ Wressle oil site in North Lincolnshire to prepare the well for production.
Union Jack Oil announced this morning it is to lend £1m to Egdon Resources, the operator of the Wressle oil site in north Lincolnshire.
The exploration and production company, Union Jack Oil, is planning to withdraw from three licences in 2020 because of falls in their value.
Planning officers have for the third time recommended approval of proposals by Egdon Resources for 15 years of oil production at its site at Wressle near Scunthorpe.