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Union Jack Oil dropped into the red on Thursday after its partner Egdon Resources said there would be delays in the timing of the testing programme for the Wressle-1 well located in licence PEDL180, in Lincolnshire. Egdon has been told to meet additional requirements as part of the permit issued to
The share prices of oil and gas groups Egdon Resources and Union Jack Oil plummeted on Thursday after an exploration well in the UK has had to be plugged. Egdon, the operator of the Burton on the Wolds-1 well in licence PEDL201, Leicestershire, said that the well spudded on 18 October and reached a