Losses widen at Union Jack Oil
Losses in Union Jack Oil more than doubled in the first half of 2020, compared with the same period last year.
August 2020 headlines
You can keep up with the news here with our digest of headlines about UK fracking, shale and onshore oil and gas, updated daily.
Site work begins at Wressle – Egdon Resources
Work on the oil site at Wressle, near Scunthorpe, is now underway, the operator, Egdon Resources, said this morning.
Wressle oil production awaits planning conditions sign-off
Work to start oil production at the Wressle site near Scunthorpe is still awaiting the discharge of planning conditions.
Union Jack Oil adds to stake in Lincolnshire oil exploration
Union Jack Oil announced this morning it had increased its interest in the Biscathorpe oil site in Lincolnshire.
Union Jack becomes biggest player in Wressle oil field
Union Jack Oil plc is to pay £500,000 to become the largest single investor in the Wressle oil field in North Lincolnshire.
Council pays £403,000 costs over Wressle planning dispute
North Lincolnshire Council has paid costs of £403,000 after losing an appeal on plans for oil production at Wressle, the site operator has confirmed.
Egdon’s late life oil fields “unprofitable” at current prices
Egdon Resources has said it is cutting costs because low oil prices following the coronavirus outbreak have hit profitability in its fields.
Europa cuts costs to fund Wressle oil production
Europa Oil & Gas, one of the main investors in oil production plans at Wressle, announced today it had cut salaries and cancelled non-core contracts because of the coronavirus outbreak and oil price falls.
Wressle production will “break even at $17.62/barrel” – operator
Production from the Wressle oil site near Scunthorpe will break even at $17.62 a barrel, the operator, Egdon Resources, has said. In an update, the company’s managing director, Mark Abbott, said: “Our modelling shows that the Wressle development is economically robust at and below the current oil price […]
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