Star Energy’s revenue hit by oil and gas price falls
Lower commodity prices hit Star Energy last year, the company revealed today in annual accounts.
Lower commodity prices hit Star Energy last year, the company revealed today in annual accounts.
Falling production at the Horse Hill well in Surrey cut revenue for UK Oil & Gas plc last year.
The Wressle oil field in North Lincolnshire earned Europa Oil & Gas £5.3m in the past year, the company reported this week.
Star Energy and Union Jack Oil have reported falling profits in interim accounts published this week.
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.