Union Jack Oil, a UK focused onshore hydrocarbon production, development and exploration company, today announced that material landmark net revenues of US$6 million have been achieved from the Wressle hydrocarbon development, located within licences PEDL180 and PEDL182 in North Lincolnshire on the western margin of the Humber Basin.

Union Jack holds a 40% economic interest in this producing hydrocarbon development.

Highlights

• Landmark US$6 million revenues generated to Union Jack since re-commencement of production during August 2021
• Well continues to produce under natural flow with zero water cut
• Site upgrades ongoing
• As at 23 May 2022, the Company’s cash balances and short term receivables stand at inexcess of £7.7 million
• The Company is covered for all G&A, OPEX and contracted or planned CAPEX costs, including any budgeted drilling activities for at least the next 12 months
• Debt free

Executive Chairman of Union Jack, David Bramhill commented: 
“Another period of stellar performance from the Wressle-1 development has been achieved.

“Union Jack is now on a material growth trajectory which augers well for the future of the Company and its shareholders.”

Image source: Egdon Resources

Wressle Development Planning History

• On 11 January 2017, North Lincolnshire Council (“NlC”) refused planning consent for the original application for the development of the Wressle Oil Field at Lodge Farm, Wressle, North Lincolnshire.
• On 7 February 2017, Egdon announced that it would both appeal the decision of 11 January 2017 and in parallel submit a new Planning Application for the Wressle development which would include even more detailed information to address the specific concerns outlined by NLC in their refusal.
• On 11 April 2017, Egdon submitted an appeal against NLC’s decision to refuse planning consent.
• On 28 April 2017, Egdon submitted a new application for the Wressle Development including additional detailed information to address the specific concerns raised by NLC in its 11 January 2017 decision to refuse the original application for the development of the Wressle Oil Field.
• On 19 May 2017, Egdon announced the issue by the Environment Agency of the variation to the Mining Waste Permit for the planned Wressle field development and associated operations.
• On 3 July 2017, the new planning application was also refused. The variation of the existing planning for the site requesting a twelve month extension was also refused at the same meeting.
• During November 2017, a planning inquiry was held to consider the two appeals for development approval and the appeal of the variation of the existing planning for the site. On 5 January 2018, we announced that the Inspector had rejected the appeals by Egdon against the two planning refusals by NLC’s Planning Committee. However, the Planning Inspectorate did uphold Egdon’s appeal against the decision to refuse the application to retain the existing planning for the well site, which was retained until the 28 April 2018.
• A new application to extend the current planning consent was submitted on 13 April 2018 and refused 1 August 2018 and the company announced its intention to appeal the decision
• On 5 July 2018 Egdon announced the submission to NLC of a new planning application for the development of the Wressle oil field.
• On 20 November 2018 the application for planning consent for the Wressle Development received a recommendation for approval from NLC’s planning officers. 
• In November 2018 the application for planning consent for the Wressle Development received a recommendation for approval from NLC’s planning officers. On 28 November the new application for planning consent for the Wressle Development was refused.  
• 5-7 November 2019 – Planning Inquiry
• 17 January 2020 – Appeal Upheld and planning permission granted
• The Wressle oilfield was brought onstream on schedule in January 2021 under natural flow and after a proppant squeeze the full production rate of 500 b/d was achieved in August 2021

KeyFacts Energy: Union Jack Oil UK country profile   l   Egdon Resources UK country profile   l   Europa Oil & Gas UK country profile