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
Read moreThe 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
Read moreOnshore oil and gas exploration Union Jack Oil has announced that the well at the Wressle-1 well-site has been completed. The company, which owns a 10% interest in the project, said that Egdon Resources expects testing operations at the site, located at Burton on the Wolds in Leicestershire, to comm
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