North America trade mission launched to drum up jobs and investment for West Yorkshire
Planning Inspectorate upholds appeal after Lincolnshire County Council’s refusal of oil drilling proposals
Union Jack Oil, an onshore hydrocarbon production, development and exploration company, has announced that the Planning Inspectorate has upheld an appeal against the refusal of planning permission by Lincolnshire County Council for a side-track drilling operation, associated testing and long-term oil production at the Biscathorpe-2 wellsite.
The Biscathorpe project is covered by onshore UK licence PEDL253. The PEDL253 joint venture partnership will review the decision notice and associated planning conditions before providing an update on plans for progressing operations.
As part of this, it is said the operator, Egdon Resources Limited, will look to engage with the local community to ensure activities have minimal impact on local amenity.
Union Jack holds a 45% economic interest in PEDL253.
David Bramhill, executive chairman of Union Jack, said: “I am delighted to report this highly positive news in respect of Biscathorpe, one of our highest ranked projects, in which Union Jack holds a material 45% economic interest.
“While drilling the Biscathorpe-2 well, there were hydrocarbon shows, elevated gas readings and sample fluorescence observed over the entire interval from the top of the Dinantian to the Total Depth of the well, with 68 metres being interpreted as oil-bearing.
“Independent Consultants Applied Petroleum Technology also conducted analyses, confirming a hydrocarbon column of 33-34 API gravity oil, comparable with the oil produced at the nearby Keddington oilfield where Union Jack holds a 55% economic interest.
“Re-processing of 264 square kilometres of 3D seismic, indicate a material and potentially commercially viable hydrocarbon resource remaining to be appraised.
“The operator has assessed, in accordance with the PRMS Standard, gross Mean Prospective Resources of approximately 6.5 million barrels of oil. Commercial screening has indicated break-even full cycle economics to be US$18.07per barrel of oil.
“Union Jack’s technical team believe that Biscathorpe remains one of the largest unappraised conventional onshore discoveries within the UK. I thank shareholders for their patience and remain confident that both investors and the company will be well rewarded in due course.”
Soccer shirt sponsorship continues to boost Hospice profile in Rotherham
Rotherham Hospice says a partnership with local businesses that’s involved putting the charity’s name on Rotherham United FC team strips, continues to have a “huge impact”.
Six Diamond Partners – AESSEAL, Equisolve, Hughie Construction, IPM Group, Mears and Steelphalt – pledged their financial support to highlight the charity on RUFC’s team strips instead of a commercial sponsor. The hospice says that as a result it has seen vastly-improved visitors to its website and social media channels, and additional corporate support. Stephen King, Director of Income Generation and Communications at Rotherham Hospice said: “Rotherham Hospice has never had so much exposure in the local area. We are finding that conversations about the charity are a lot easier to have with businesses and supporters, as most are now aware of who we are and what we do. Everyone at the Hospice is grateful to the Diamond Partners for making this happen.” AESSEAL MD Chris Rea said: “We were always confident that giving extra visibility to such a worthy charity would help them significantly and it is great to see this confirmed.”Former Dragons’ Den star urges North Yorkshire businesses to be audacious in embracing technology
Savoy Cinema commits to £9m plan for Gainsborough
West Lindsey District Council has teamed up with Savoy Cinemas for the delivery of a £9m town centre regeneration project including a four-screen cinema, restaurant, retail units and car parking.
Savoy Cinemas MD James Collington, said: “We are delighted to be part of this exciting regeneration initiative of Gainsborough town centre. The area has undergone significant change over the last few years, and it still has huge potential to develop further. We are looking forward to commencing work on the development and welcoming you through our doors on opening night.”
The development will be funded through contributions from the Council, the Greater Lincolnshire Local Enterprise Partnership, the government’s Levelling Up Fund and Savoy Cinemas.
Leader of West Lindsey District Council, Cllr Trevor Young, said: “We are thrilled to finally be able to announce our deal with Savoy Cinemas. As a local family cinema operator, Savoy shares the Council’s passion for investing in Gainsborough, with a development that will breathe life back into our town centre.”
Director of Planning Regeneration and Communities at West Lindsey District Council, Sally Grindrod-Smith,said: “This has been an incredibly challenging site to bring forward. The Council was required to step in and acquire the land, lead the demolition of the former Lindsey Centre and secure grant funding to make the scheme viable. This is all part of our enabling role.
“The eagerly anticipated development will significantly contribute to the town’s local economy, increasing footfall, dwell time and spend. It will add to the town’s leisure offer, servicing local residents and encouraging new visitors to the town.”
The development will provide a new walking link between Marshall’s Yard and the historic market place, where further investment from the Levelling Up Fund and National Lottery Townscape Heritage Initiative, is rejuvenating the historic marketplace.
The scheme has also been designed to be environmentally efficient, through the inclusion of solar panels and air sourced heat technology. It will also enhance the setting of the Town Centre Conservation Area through its historic design and use of high-quality materials.
Georgian country house hotel sold in Northallerton
The Luxury Food Collective launches exclusive corporate gift hampers in time for Christmas
Stronger links between science and innovation and financial institutions to be forged at new Innovation Hub in Leeds
- Connecting industries and networks across environmental science and finance;
- Knowledge exchange and support for the application of climate science in industry;
- Innovation and early-stage business support.
Property firm embarks on hiring spree
West Lindsey manufacturing firms offered fully-funded business advice
- Business Coaching.
- Productivity Improvement & LEAN Manufacturing.
- Sales and Marketing.
- Finance & fund raising.
- HR and Workforce Development.
- Protecting Intellectual Property.
- Leadership & Management Training.