Egdon Resources exceeds 390,000 barrels of oil from Wressle JV

Egdon Resources said that production had exceeded 390,000 barrels of oil from the Wressle joint venture (JV) in North Lincolnshire.

PARTNERS

The JV with interests in PEDL180 and PEDL182 comprises the Egdon as operator (30%), Union Jack Oil plc (40%) and Europa Oil & Gas (Holdings) plc (30%).

OPERATIONS

The production figure was reported to the community liaison group (CLG) meeting on 15 March 2023.

Egdon Resources plc (LON:EDR) is an independent onshore focused oil and gas exploration and production business. An established oil and gas exploration and production business with 41 licences in proven oil and gas producing basins in the UK.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

More articles like this

Egdon shares rise 80%+ as it agrees to £27m takeover

Egdon Resources, the company behind the UK’s newest onshore oil producer, announced it has agreed to a takeover by Petrichor Partners. The deal values Egdon at £26.6m. At the time of writing, Egdon shares had risen 86.53% to 4.29p. Egdon

Brent crude futures rise 1 cent

Oil futures traded sideways on Tuesday, after mostly weaker-than-expected data from China muddied the outlook for demand from the world’s top crude importer while U.S. plans to refill its Strategic Petroleum Reserve (SPR) underpinned prices. Supply worries stemming

Oil recoups losses on higher seasonal demand

Oil prices ticked up on Tuesday, reversing a more than 2% drop earlier in the session, as markets weighed U.S. government’s plans to refill the nation’s emergency oil reserve and anticipated higher seasonal demand. Brent crude settled 43

Oil edges up

Oil prices rose on Thursday but were unable to claw back much of this week’s more than 8% decline as demand concerns in major consuming countries continued to weigh. Brent futures were up 73 cents, or 1.01%, to $73.06

Wressle boosts Egdon production

Egdon Resources increased oil production by 27% in the second half of 2022, thanks to the Wressle field in North Lincolnshire. In interim accounts for the six months to 31 January 2023, the company said production rose to 46,465 boe

Egdon Resources impressive operational and financial performance

Egdon Resources plc (LON:EDR), an established UK focused energy company, has announced its unaudited results for the six months ended 31 January 2023.  Overview and Highlights Operational and Corporate ·      Production for the Period was up by 27% to

Unlocking deep geothermal energy in the UK

An opportunity to repurpose petroleum and geothermal exploration wells In the United Kingdom, there is a legacy of abandoned, plugged or declining oil and gas production wells. These wells provide scope for low-cost repurposing for geothermal extraction using the

Oil on the Rise

Since the pandemic lows, crude oil prices have soared, returning to levels not seen in nine years. The United States Oil Fund ETF (USO), a popular proxy for crude oil, has had a breathtaking march higher since reaching panic

Egdon prepares for more drilling at Wressle

The current Wressle well began formal oil production in July 2022, after extended flow tests. Last week, the company said it had reprocessed and reinterpreted 3D seismic data for the Wressle field. Egdon said this work aimed to

Egdon buys Aberdeen-based onshore oil firm Aurora

Egdon Resources has acquired Aberdeen based onshore oil firm Aurora Production. Despite having no assets in Scotland, Aurora is “is a UK petroleum exploration and development company based in Europe’s energy capital Aberdeen,” according to its website. Aurora’s

Bullish forecasts see oil prices increasing to $115/bbl

As COVID-19 restrictions ease, demand for oil is expected to recover by almost 2 million bpd in 2023, with China’s surging oil consumption accounting for half of the growth. While Chinese demand and Russian supply will determine the

No more posts to show