Union Jack Oil is spending £1m to become the largest investor in the Biscathorpe oil licence in Lincolnshire.
Egdon Resources reported a £4.75m loss today, along with falling production and revenues.
A workover rig has been delivered to Egdon Resources’ Wressle oil site in North Lincolnshire to prepare the well for production.
As expected, UK Oil & Gas plc has announced it is to appeal against the refusal of planning permission for gas exploration at its proposed Loxley well site near Dunsfold in Surrey.
Drilling results from Rathlin Energy’s West Newton B site in East Yorkshire indicate a “substantial hydrocarbon accumulation”, partners said this morning.
The drilling rig at Rathlin Energy’s West Newton-B site in East Yorkshire will be allowed to stay for another two months, council officials have confirmed.
Union Jack Oil announced this morning it is to lend £1m to Egdon Resources, the operator of the Wressle oil site in north Lincolnshire.
One of the targets of the West Newton-B exploration site in East Yorkshire contained “insufficient reservoir development”, partners in the project announced this morning.
Surrey planners are recommending approval of plans by UK Oil & Gas to explore for gas near Dunsfold when the proposal is considered a second time next week.
Egdon Resources has announced plans for a new well and oil production at its site at Biscathorpe in Lincolnshire.