Takeover bid for Union Jack Oil
Reabold Resources has offered to buy Union Jack Oil, both companies confirmed this morning.
UKOG sells Horse Hill stake in £1m deal
UK Oil & Gas is selling its stake in the troubled Horse Hill production site and licence, the company’s last remaining hydrocarbon interest.
Union Jack takes £1m loan from Egdon
The company with the biggest stake in the Wressle oil field has agreed a £1m loan from the site operator, Egdon Resources.
West Newton frack and well test set for autumn start, company says
A lower-volume frack and well test at the West Newton-A oil and gas site in East Yorkshire could start within three months, the operator revealed today.
Company updates: Angus, Union Jack and Reabold
DrillOrDrop’s round-up of announcements from three companies with UK onshore oil and gas interests: investor raises stake, director resigns and refinancing continues.
Egdon seeks to keep abandoned Lincolnshire well pad
The company that gave up on oil operations in the protected landscape of the Lincolnshire Wolds is now trying to keep the abandoned well pad.
Europa focuses on four UK onshore sites in 2026
Europa Oil & Gas, the company behind rejected plans for lower-volume fracking at Burniston in North Yorkshire, is also pursuing developments at three other sites onshore in the UK, it revealed today.
Union Jack warning on UK onshore oil and gas assets
An investor in the Wressle and West Newton fields warned today that government policy has made its UK business “increasingly difficult to progress”.
Wressle expansion would emit 1m+ tonnes of climate pollution
Expansion of the Wressle oil site near Scunthorpe would result in more than one million tonnes of climate-damaging greenhouse gases, documents have revealed. But the developer, Egdon Resources, has said the proposal would not have a significant impact on climate change.
Shrinking assets and cash – UKOG delayed accounts
The company behind the suspended oil site that is subject of a landmark Supreme Court ruling has reported declining assets and revenue.
DRILL OR DROP? 