Just for Info2 Mar 2022 11:25
From previous rns’s
The grant of consent allows full use of the installed oil storage capacity at site of approximately 2,000 barrels and will enable full production from the Wressle-1 well to be achieved following the proppant squeeze, which is expected to increase overall production to a constrained 500 barrels of oil per day (200 barrels net to Union Jack). F
Egdon Resources plc, the Operator, has updated its economic model for the Wressle oilfield. This work demonstrates that the project is economically robust in the current oil price environment with a cash break-even oil price estimated at $17.62 per barrel.