Union Jack buys portion of royalties in North Sea oil and gas fields
The largest investor in the onshore Biscathorpe and Wressle oil fields in Lincolnshire has announced its first involvement in the North Sea.
March 2021 headlines
Keep up with March 2021’s news with our digest of daily updated headlines about the business, regulation and campaigns around UK fracking, shale, and onshore oil and gas. Click here for headlines from previous months. Please let us know if we’ve missed something important contact@DrillOrDrop.com Key headlines Balcombe well test […]
Biscathorpe update: drilling/production plans and ownership
Plans have been submitted for a new sidetrack well, testing and long-term production at the Biscathorpe oil site near Louth in Lincolnshire.
Union Jack seeks to “attract new investors” with share consolidation
The largest investor in the Wressle oil field, Union Jack Oil, is seeking to enhance its image and attract a wider group of investors by reducing the number of shares in the company.
West Newton: New drilling and testing plans plus £4.7m fundraising
Another well at Rathlin Energy’s West Newton-B site is due to be drilled in the second half of 2021, according to an update to shareholders today.
West Newton B drilling “exceeds expectations with substantial hydrocarbon accumulation”
Drilling results from Rathlin Energy’s West Newton B site in East Yorkshire indicate a “substantial hydrocarbon accumulation”, partners said this morning.
Union Jack £1m loan for Wressle oil site – workover rig expected in New Year
Union Jack Oil announced this morning it is to lend £1m to Egdon Resources, the operator of the Wressle oil site in north Lincolnshire.
West Newton target shows “insufficient reservoir development” – sidetrack drilling begins
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 plans for drilling and oil production at Biscathorpe
Egdon Resources has announced plans for a new well and oil production at its site at Biscathorpe in Lincolnshire.
Union Jack raises £7m
Union Jack Oil has raised £7m for work at oil sites in the East Midlands and future acquisitions.
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