Support for Reabold Resources’ £6.14m offer for Union Jack Oil plc has reached 6.2% as Union Jack half-year revenue grows to £1.6m
Tag: Oklahoma – USA
Union Jack sets date for requisitioned meeting
Union Jack Oil plc has set the date for a requisitioned general meeting for its shareholders’ vote on the directors’ future and the company’s £6.14 million sale to Reabold Resources plc. MISGUIDED The company initially deferred the general meeting on 26 June 2026 while the offer talks continued and, following a requisition notice on 7 […]
Reabold to buy Union Jack for £6.14m
Reabold Resources plc has agreed a £6.14 million takeover of Union Jack Oil plc, which was at risk of losing its main assets. COMPELLING Under the agreement, each Union Jack shareholder will receive 0.051 new Reabold share in exchange for every one Union Jack share. Investment company Reabold said that, following completion, the enlarged group […]
Union Jack directors face ousting from board
Union Jack Oil plc has accused a proposed director of the company of “opportunistically trying to gain control of the company” and to remove serving directors. ‘CAMPAIGN’ Craig Howie, initially appointed in April 2024 as a non-executive director, left on 12 January 2026, by a board resolution. Mr Howie is reported to have sent a letter to […]
Union Jack investors to vote on ex-director’s reappointment
Union Jack Oil plc shareholders are due to vote on the reappointment of a former director to the board. REQUEST Craig Howie, initially appointed in April 2024 as a non-executive director, vacated the position on 12 January 2026, by a board resolution. During January 2026, Mr Howie also sent two purported requisition notices for a […]
Union Jack JV again delays Crossroads spud date
Union Jack Oil plc joint venture has further deferred the spud date of the Crossroads well in southern Oklahoma, USA. OIL CREEK SAND Partner and operator Reach Oil and Gas Company Inc halted work in mid-April for rig maintenance and repair, and had expected to restart before the end of the month Union Jack today […]