Campaigners and councillors have said they are shocked that a government-appointed inspector has overturned the refusal of planning permission for long-term oil production in the Lincolnshire Wolds area of outstanding natural beauty (AONB).
The workover of the well at the UK’s newest producing onshore oilfield has been “successfully concluded”, one of the partners reported today.
Rathlin Energy, the company which runs oil and gas sites in East Yorkshire, is seeking extra funding to pay for drilling and testing obligations.
Work is underway to increase pressure within the reservoir at the UK’s newest oil production site at Wressle, the operator announced today.
Work on a new well at the West Newton-B oil and gas site in East Yorkshire has been postponed again.
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.
DRILL OR DROP? 