Updated: Increased prices and production turn loss to profit for Egdon Resources
The operator of the Wressle oil field in North Lincolnshire reported a 500% increase in oil and gas revenues in its latest interim accounts today.
Egdon “likely to appeal” Biscathorpe refusal as it sets out future plans
Egdon Resources said today it was “likely” to appeal against the refusal of planning permission for drilling and production at Biscathorpe in the Lincolnshire Wolds.
Initial oil production at Wressle well tops 884 bopd – Egdon
The operator of the Wressle oil well in North Lincolnshire said initial production exceeded 884 barrels of oil per day (bopd).
Egdon plans seven new wells in next year
Egdon Resources has announced plans for seven new oil and gas wells over the next year. Four of the wells are in Lincolnshire and have planning permission. Another, near Dorking in Surrey, also has approval after the company’s partner, Europa, won a planning appeal.
DRILL OR DROP? 