Union Jack Oil plc has received a non-binding, indicative and undisclosed all-share offer from investor Reabold Resources plc. DEBT Following receipt of the offer by letter on 1 June 2026, Union Jack said it had provided due diligence access to Reabold. “Discussions with Reabold are ongoing and there can be no certainty that any offer will be forthcoming […]
Tag: Egdon Resources UK Ltd
Union Jack JV exits Biscathorpe
Union Jack Oil plc and its partners have withdrawn their appeal against refusal of planning permission to drill a side-track and develop the Biscathorpe oil field in the Lincolnshire Wolds. INQUIRY The JV is expected to relinquish PEDL253 “in due course”, some ten years after operator Egdon Resources UK Ltd acquired the licence. Union Jack […]
Union Jack resumes production at Keddington
Union Jack Oil plc has restarted production at the Keddington joint venture oil field in the East Lyndsey district of Lincolnshire. SALES Operations, expected to resume during late 2024, followed “major site upgrades” during last year and 2025. “The newly installed equipment and facilities are working well and continue to be fine-tuned to optimise production,” […]
Europa submits plans for Cloughton appraisal
Europa Oil & Gas (Holdings) plc has submitted a planning application for an appraisal well for the Cloughton gas field in Scarborough, North Yorkshire. OPERATIONS Operator and 40% licence owner Europa estimates Cloughton has Pmean gross gas initially in place volumes of 192bcf. The company said it had also started a community engagement website for […]
Wressle JV to submit GHG emissions analysis
The Wressle joint venture will submit details on downstream emissions for the onshore oil project after the local authority revoked its earlier planning permission. CONFIDENT Europa Oil & Gas (Holdings) plc and Union Jack Oil plc said last month that they expected the September consent to be quashed after North Lincolnshire Council indicated it would […]
Wressle JV expects wells consent to be quashed
The Wressle joint venture expects September’s local authority permission to be quashed for two new wells at the onshore Lincolnshire site. SCREENING North Lincolnshire Council informed the companies that, following legal opinion and the Supreme Court decision in June, it would not resist a proposed legal action to challenge the consent. The court ruled that applications […]