revenue – Page 2 – DRILL OR DROP?

Cuadrilla earned nothing in 2023 but spent $2.4m – annual accounts

The former fracking company, Cuadrilla, earned nothing for its Australian owner in the past 12 months but spent Aus$2.4m.

UK Oil & Gas plc reported an operating loss of £1.32m for the six months to the end of March 2023, slightly larger than the year before.

Oil production from the Wressle field in north Lincolnshire helped boost annual revenue by 349% for Union Jack, the company said today.

Egdon Resources increased oil production by 27% in the second half of 2022, thanks to the Wressle field in North Lincolnshire.

One of the UK’s leading would-be fracking companies appears to be turning away from shale gas.

New plans are underway to drill for more oil and gas at Wressle in North Lincolnshire.

The Wressle production site in Lincolnshire has helped Europa Oil & Gas quadruple its annual revenues.

The shale gas company, IGas, said today it could drill 80 wells by this time next year, with the “right government support”.

Union Jack Oil has revealed plans for two new wells next year, as it reported its first profit.

Tax relief has pushed the shale gas company, Cuadrilla, into profit, company accounts have revealed.