Egdon shares rise 80%+ as it agrees to £27m takeover
Egdon Resources, the company behind the UK’s newest onshore oil producer, announced this morning it has agreed to a takeover by Petrichor Partners.
Wressle boosts Egdon production
Egdon Resources increased oil production by 27% in the second half of 2022, thanks to the Wressle field in North Lincolnshire.
Latest onshore oil production – September 2022
DrillOrDrop’s review of the latest UK onshore oil data for September 2022: First production figures published for Egdon’s Wressle oil site near Scunthorpe in North Lincolnshire.
Egdon reports 530% increase in oil and gas revenues
The oil and gas operator, Egdon Resources, has reported increased revenues of more than 530% because of rising production and prices.
Union Jack shares fall on Wressle estimates
Shares in Union Jack Oil fell more than 20% on the publication of an assessment of the Wressle oil field in North Lincolnshire this morning.
Wressle oil helps lift Union Jack revenues by 1000%+ in 2021 – accounts
The leading partner in the Wressle oil site has reported an increase in revenues of 1099% in 2021, compared with the year before.
Wressle oil boosts Europa’s half-year accounts
Europa Oil & Gas has claimed its strongest interim financial performance for seven years, driven by oil production from the Wressle site in North Lincolnshire.
Wressle well production could top 1,500 barrels per day – new estimate
The operator of the Wressle oil well in North Lincolnshire has said production could reach 1,543 barrels per day.
Egdon gives details of Wressle plans for 2022
The operator of the Wressle oil site in North Lincolnshire said well testing would be completed early next year.
Consent for Wressle proppant squeeze
Union Jack Oil announced this morning that the proppant squeeze planned for the Wressle oil well in North Lincolnshire had been approved.
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