Union Jack completes farm-in at PEDL183
3rd Dec 2018 14:40
(Sharecast News) - Union Jack Oil has received written consent from the Oil and Gas Authority, satisfied all conditions precedent, and has now completed the farm-in with Rathlin Energy UK for a 16.665% licence interest in PEDL183, it announced on Monday.
Read moreDirector dealings: Union Jack directors up stake
3rd Oct 2018 16:02
(Sharecast News) - Union Jack Oil executive director Joseph O'Farrell purchased 35.29m ordinary shares as part of the London-listed firm's placing on Wednesday.
Read moreNorth Lincolnshire council refuses planning consent for Wressle oil field
11th Jan 2017 16:22
(ShareCast News) - Shares in Egdon Resources and Union Jack Oil tumbled after the North Lincolnshire County Council's refused planning consent for the development of the Wressle oil field in North Lincolnshire. The planning committee also approved the application for the installation of groundwater
Read moreEuropa Oil & Gas can sell licence to Union Jack Oil
22nd Nov 2016 09:53
(ShareCast News) - Europa Oil & Gas' proposed sale of a stake in a North Lincolnshire licence for £600,000 to Union Jack Oil has been approved by the industry regulatory body. The Oil & Gas Authority has approved the sale on a 3.34% interest in the PEDL 180 and 180 licences, which cover the Wressle
Read moreUnion Jack Oil raises £0.7m in placing
22nd Sep 2016 10:47
(ShareCast News) - Union Jack Oil announced on Thursday that it has raised £0.7m before expenses, through a placing of 411,764,706 new ordinary shares of 0.025p at a price of 0.17p per placing share. The AIM-traded firm said the intended proceeds from the placing are to further expand the company'
Read moreUnion Jack Oil expects Wressle to have material impact on cash flow
5th Sep 2016 10:28
(ShareCast News) - Hydrocarbon developer Union Jack Oil said it remained debt free and was trading satisfactorily following the acquisition of three licenses in the first half of the year. During the six months ended 30 June the company bought three licences, a 7.5% interest in the PEDL143, which in
Read moreEdgon confirms licence extensions and conversions
4th Jul 2016 10:37
(ShareCast News) - Egdon Resources announced on Monday that the Oil and Gas Authority approved various licence extensions and conversions of licences to new model terms, as well as the relinquishment of one Egdon-operated licence. The AIM-traded firm confirmed that the first term of licence P1929 in
Read moreUnion Jack Oil looks to Wressle production in second half
16th May 2016 13:02
(ShareCast News) - Union Jack Oil said the Wressle oil and gas discovery in Lincolnshire is moving closer to development with a view to beginning commercial production in the second half. The company, which today widened its full year pretax loss to £0.59m from a loss of £0.55m, has an 8.33% interes
Read moreUnion Jack announces start of drilling at Laughton
15th Feb 2016 14:55
(ShareCast News) - One of Union Jack Oil's newer investments achieved a major milestone this month, with the company announcing the start of drilling operations at the conventional Laughton-1 well. The AIM-traded onshore oil and gas production and exploration firm said the well was situated within P
Read moreUnion Jack Oil inks farm-in deal with Egdon Resources
26th Jan 2016 10:00
(ShareCast News) - Oil and gas production and exploration company Union Jack Oil has inked a farm-in deal with Egdon Resources. The AIM-listed group said it has agreed to farm-in to the conventional prospects of PEDL209 containing the Laughton prospect. PEDL209 is situated along the eastern side of
Read moreUnion Jack Oil raises GBP800,000 through share placing
27th Oct 2015 09:53
(ShareCast News) - Union Jack Oil has raised £800,000 through a placing of 470.6m shares at 0.17p each. The company said proceeds from the placing will allow it to take advantage of the current opportunities within the oil and gas market to further expand its portfolio through the acquisition of int
Read moreUnion Jack Oil well positioned to seize on 'dislocation' in oil and gas industry
28th Sep 2015 08:25
(ShareCast News) - Union Jack Oil is well placed to benefit of a "dislocation" within the oil gas and industry, according to group chief executive David Bramhill. Bramhill's comments came as the company reported a £256,038 loss for the six months to 30 June, while net assets rose 58.3% year-on-year
Read moreUnion Jack Oil raises Biscathorpe stake by 2%
22nd Jun 2015 09:33
Union Jack Oil (UKO) has increased its stake in the UK's Biscathorpe prospect by 2%. The group now holds a 12% stake in the onshore project, which is allocated just 15km from its Wressle discovery, where extended production tests began last week. Approval for the Biscathorpe site was granted in Mar
Read moreUnion Jack doubles interest in Lincolnshire licence
5th Jun 2015 10:00
Union Jack Oil announced on Friday that it has agreed to acquire a further 10% interest in Lincolnshire licence from Celtique Energie Petroleum. The purchase, which it will make for a nominal consideration, will increase its interest in the licence to 20%. The licence contains the North Kelsey Pros
Read moreUnion Jack falls on announcement from partner Egdon Resources
4th Dec 2014 12:31
Union Jack Oil dropped into the red on Thursday after its partner Egdon Resources said there would be delays in the timing of the testing programme for the Wressle-1 well located in licence PEDL180, in Lincolnshire. Egdon has been told to meet additional requirements as part of the permit issued to
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