Loss of Bury Hill Wood pushes Union Jack 2018 deficit over £1m
The onshore oil and gas company, Union Jack Oil has announced a loss of £1.1m in its accounts for 2018, published today. This compares with a deficit of £0.75m in 2017.
Drilling starts on second well at Rathlin Energy’s West Newton site in East Yorkshire
Investors in the West Newton oil and gas site north of Hull have announced that drilling is underway on a second well.
Two oil companies pull out of Weald licence
UK Oil & Gas plc has acquired the interests of two companies in the Holmwood exploration licence, south of Dorking in Surrey.
Biscathorpe oil well spudded
Edgon Resources confirmed this afternoon it had begun drilling its oil exploration well at Biscathorpe, near Louth in Lincolnshire.
Rathlin Energy’s £33.9m debt “casts doubt” over company viability – accounts
The exploration company, Rathlin Energy, owed nearly £34m, according to annual accounts published yesterday (7 November 2018).
Celtique pulls out of more East Mids licences
Celtique Energie’s withdrawal from oil and gas licences has continued with the announcement today that it has sold more interests in the East Midlands.
Lincolnshire round-up: planning, permits and finances
DrillOrDrop reports on developments and prospects at North Kelsey, Biscathorpe, Wressle and Crosby Warren in Linconshire.
