Support for Reabold Resources’ £6.14 million offer for Union Jack Oil has risen to 9.5%, compared with 24.39% opposing the bid.
Tag: West Newton – East Yorkshire
Reabold rebuffs Union Jack board’s rejection of offer
Reabold has pushed back against Union Jack’s new board, describing its rejection of the £6.14m bid as “self-serving” and “misleading”.
Rathlin JV prepares to test A-2 well at West Newton
A feasibility study has also started to evaluate the potential for power generation and data centre assets, using gas produced from the field.
Reabold progresses £6.14m bid for Union Jack
Reabold Resources plc has progressed its takeover of Union Jack Oil plc by receiving initial shareholder acceptances of its £6.14 million offer. As at 19 August 2026 the investment company had counted acceptances for 3,437,504 Union Jack shares, representing approximately 2.35% of its issued share capital. These comprise 305,650 shares (0.2%) and a further 3,132,144 […]
Union Jack £6.14m sale draws more objections
Union Jack Oil plc’s proposed £6.14 million sale to investor Reabold Resources plc has received further objections from some of its shareholders. GENERAL MEETING The exploration and production company warned that, unless it met its financial obligations, it could lose assets if the transaction fails to complete. On 3 August, Reabold received a letter of […]
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 […]