Union Jack Oil plc has decided not to acquire a further 25% interest in the Claymore Piper complex royalty units in the North Sea. CORE PROJECTS In March 2021, the company acquired a 2.5% interest in the complex, which at the time it said was attractive, cash generating and high yielding, and consistent with its […]
Tag: Union Jack Oil plc
Union Jack raises £3m via placing
Union Jack Oil plc has raised £3 million by way of a placing of 13,636,364 new ordinary shares of 5 pence each at a price of 22 pence per new ordinary share. USES Funds raised will be mainly used at the company’s onshore hydrocarbon projects in Wressle and Biscathorpe.
Wressle-1 well continues to ‘exceed expectations’
Egdon Resources plc said production continued to exceed expectations since the proppant squeeze at the Wressle-1 well on PEDL180 and PEDL182 in East Yorkshire. REVISED PERMIT The company also announced it had received the revision to the Environmental Permit. This will allow installation of a combustion plant for gas-to-electric generation and a new potential revenue […]
Egdon exceeds 500bopd with Wressle proppant squeeze
Egdon Resources plc said that the proppant squeeze had resulted in excess of 500 barrels of oil per day under extended well testing operations at Wressle, North Lincolnshire. FORECAST The operator has completed the coiled tubing operation and the Ashover Grit reservoir had returned to flow. The well flow is continuing to clean-up and has […]
Egdon completes proppant squeeze at Wressle-1 well
Egdon Resources plc has completed the proppant squeeze operation on the Ashover Grit reservoir interval in the Wressle-1 oil well, North Lincolnshire. The oil and gas joint venture project in licences PEDL180 and PEDL182 comprises the operator Egdon (30%), Union Jack Oil (40% economic interest) and Europa Oil & Gas (Holdings) plc (30%). INSPECTION A […]
Test at Kirkham Abbey encourages West Newton JV
The joint venture partners at West Newton PEDL183 perforated an initial interval of 25 metres of the 62 metre Kirkham Abbey hydrocarbon column. On 7 June, site operator Rathlin Energy (UK) Ltd began well testing at the West Newton B1-Z (WNB-1Z) sidetrack, initially focusing on the lower portion of the Kirkham Abbey. Partners Reabold Resources […]