Any commercial gas production at West Newton in East Yorkshire is about four years away, companies behind the plans revealed this morning.
Rathlin Energy is apparently no longer targeting oil at its two sites at West Newton in East Yorkshire.
Shares in Union Jack Oil fell more than 20% on the publication of an assessment of the Wressle oil field in North Lincolnshire this morning.
One of the investors in the Wressle oil field in North Lincolnshire is lending £1m to another.
The leading partner in the Wressle oil site has reported an increase in revenues of 1099% in 2021, compared with the year before.
Opponents of oil production in East Yorkshire are to make a last-minute bid to hold up this morning’s decision to approve.
The operator of the Wressle oil well in North Lincolnshire has said production could reach 1,543 barrels per day.
Predictions for a single gas well in East Yorkshire suggest initial production could exceed many entire fields in the North Sea.
Well tests at Rathlin Energy’s exploration sites in East Yorkshire recovered oil and gas but did not achieve sustained flow rates, it was revealed today.
Opponents of 20 years of production and six new wells at an oil field in East Yorkshire have been celebrating the refusal of planning permission.