Union 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
Read moreEgdon Resources, Union Jack Oil drop as Leicestershire well plugged
30th Oct 2014 15:17
The share prices of oil and gas groups Egdon Resources and Union Jack Oil plummeted on Thursday after an exploration well in the UK has had to be plugged. Egdon, the operator of the Burton on the Wolds-1 well in licence PEDL201, Leicestershire, said that the well spudded on 18 October and reached a
Read moreUnion Jack Oil expects testing operations to begin in October on JV project
18th Sep 2014 07:52
Onshore oil and gas exploration Union Jack Oil has announced that the well at the Wressle-1 well-site has been completed. The company, which owns a 10% interest in the project, said that Egdon Resources expects testing operations at the site, located at Burton on the Wolds in Leicestershire, to comm
Read moreWressle-1 success boosts joint owners Egdon, Union Jack and Europa
2nd Sep 2014 09:33
The Wressle-1 exploration well, jointly owned by Egdon Resources, Union Jack Oil and Europa Oil & Gas, has been found to have a potential hydrocarbon pay in three intervals. Drilling on the well, which is located in Scunthorpe, began on 18 July and reached a total depth of 2,240 metres. Thicknes
Read moreUnion Jack Oil soars as project estimates confirm "significant" potential
2nd Jun 2014 08:03
Shares in UK hydrocarbon group Union Jack Oil soared on Monday morning after the company said estimates at its part-owned PEDL201 licence have confirmed "significant shale oil and gas potential". The technical review, undertaken by Molten Limited, showed that so-called "mean gross un-risked determi
Read moreUnion Jack Oil raises funds utilise licence opportunities
26th Feb 2014 16:04
Onshore oil and gas exploration firm Union Jack Oil has placed 288.89m shares at 0.225p each to raise funds for the acceleration of its investigation of the shale oil and gas opportunities on its existing licence interests. It will also enable it to apply for additional onshore UK licences in the n
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