A key document needed to allow small-scale fracking at Wressle in north Lincolnshire has not yet been approved.
Egdon Resources reported a £4.75m loss today, along with falling production and revenues.
A workover rig has been delivered to Egdon Resources’ Wressle oil site in North Lincolnshire to prepare the well for production.
DrillOrDrop reviews what might happen in 2021 to UK onshore fracking and other oil and gas developments.
2020 was a frack free year in the UK because the shale gas industry failed to persuade ministers to lift blocks on the process.
Union Jack Oil announced this morning it is to lend £1m to Egdon Resources, the operator of the Wressle oil site in north Lincolnshire.
Europa Oil and Gas saw pre tax losses rise markedly to £5.4m, its accounts for the year to July 2020 revealed today.
The operator of the Wressle oil site near Scunthorpe has confirmed it no longer plans to use acidisation to improve production.
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.