Wressle production down 15%
Production at the UK’s newest onshore oil site has dropped 15%, accounts from one of the partners have revealed.
Production at the UK’s newest onshore oil site has dropped 15%, accounts from one of the partners have revealed.
New directors of Union Jack Oil will give their views next week on the proposed takeover by Reabold Resources, according to a statement to investors.
All three Union Jack Oil directors, David Bramhill, Joseph O’Farrell and Zac Phillips, have been removed immediately from the board, the company announced today (24 August 2026).
On the first full day of the Burnham government, campaigners have warned that people in 79 English constituencies could face a form of fracking unless a legal loophole is closed.
Reabold Resources announced this afternoon it had reached agreement on the takeover of Union Jack Oil.
The company with the biggest stake in the Wressle oil field has agreed a £1m loan from the site operator, Egdon Resources.
Europa Oil & Gas, the company behind rejected plans for lower-volume fracking at Burniston in North Yorkshire, is also pursuing developments at three other sites onshore in the UK, it revealed today.
An investor in the Wressle and West Newton fields warned today that government policy has made its UK business “increasingly difficult to progress”.
Expansion of the Wressle oil site near Scunthorpe would result in more than one million tonnes of climate-damaging greenhouse gases, documents have revealed. But the developer, Egdon Resources, has said the proposal would not have a significant impact on climate change.
Advice has been reversed on whether expansion of the Wressle oil site in North Lincolnshire needs a detailed study of the environmental impacts.