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.
The exploration and production company, Union Jack Oil, is planning to withdraw from three licences in 2020 because of falls in their value.
The oil and gas company, Rathlin Energy, has confirmed that it has started work at its second site in East Yorkshire.
An oil formation in Lincolnshire, missed by a well drilled last year, could be reached by a new sidetrack, a group of companies said today.
Events in March 2020 and beyond about UK fracking, onshore oil and gas and campaigning