Union Jack Flies Flag in Lincolnshire

Printer Friendly Version
Email this Page

Junior explorer Union Jack Oil announced Wednesday that it has agreed with Egdon Resources UK that it will farm into an onshore license in Lincolnshire, UK.

Petroleum Exploration and Development Licence 180 (PEDL 180) is on the western margin of the Humber Basin and includes the Wressle Project that was acquired by Egdon in 2012.

Gross mean prospective resources at Wressle are estimated at 2.1 million barrels of oil, and a well – to be drilled to 7,550 feet – is scheduled to begin operations in 4Q 2013.

After the farm-in deal is completed Egdon Resources will hold 25 percent of PEDL180, with Union Jack Oil holding 8.3 percent. Celtique Energie Petroleum and Europa Oil & Gas will both hold 33.3 percent.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

Printer Friendly Version
Email this Page

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Premier Oil Exits Onshore Block 2B in ... (May 29)
 -  Cosco Guangdong Agrees to Defer Delive... (May 29)
 -  Songa Offshore Reports Total Revenue D... (May 29)
 -  Circle Oil Appoints New CEO (May 29)
 -  Xcite Confirms $35-per-Barrel Costs fo... (May 29)


Most Popular Articles

From the Career Center
Jobs that may interest you
Planner Scheduler
Expertise: Project Management
Location: Houston, TX
 
Project Planner Scheduler
Expertise: Project Management
Location: Houston, 
 
IT Program Manager - Mobility Solutions CoE Manager
Expertise: IT - Software Development|Project Management
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $65.56/BBL 4.76%
Light Crude Oil : $60.3/BBL 4.54%
Natural Gas : $2.64/MMBtu 2.58%
Updated in last 24 hours