The Wressle production site in Lincolnshire has helped Europa Oil & Gas quadruple its annual revenues.
The oil and gas operator, Egdon Resources, has reported increased revenues of more than 530% because of rising production and prices.
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.
DrillOrDrop’s review of the latest UK onshore oil data for May 2022: daily production at 30+ year low
The industry regulator has given the go-ahead for formal production at the Wressle oil site in North Lincolnshire.
The leading partner in the Wressle oil site has reported an increase in revenues of 1099% in 2021, compared with the year before.
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.
Europa Oil & Gas has claimed its strongest interim financial performance for seven years, driven by oil production from the Wressle site in North Lincolnshire.
The operator of the Wressle oil well in North Lincolnshire has said production could reach 1,543 barrels per day.