Drilling results from Rathlin Energy’s West Newton B site in East Yorkshire indicate a “substantial hydrocarbon accumulation”, partners said this morning.
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.
Egdon Resources has announced plans for a new well and oil production at its site at Biscathorpe in Lincolnshire.
Union Jack Oil has raised £7m for work at oil sites in the East Midlands and future acquisitions.
Losses in Union Jack Oil more than doubled in the first half of 2020, compared with the same period last year.
Drilling at Rathlin Energy’s West Newton B site in East Yorkshire is due to start in “the next few weeks”, one of the leading investors said this morning.
Opponents of oil and gas exploration at West Newton in East Yorkshire have set up another camp to monitor operations in the area.
Union Jack Oil announced this morning it had increased its interest in the Biscathorpe oil site in Lincolnshire.
The amount of carbon that would be emitted during any future oil production at West Newton in East Yorkshire would be smaller than the UK onshore average, according to the conclusions of a study announced today.