Egdon 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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