Union Jack directors stand firm on Reabold takeover two days from deadline
The new board of Union Jack Oil has repeated its recommendation to shareholders to reject the takeover bid by Reabold Resources.
The new board of Union Jack Oil has repeated its recommendation to shareholders to reject the takeover bid by Reabold Resources.
An environmental campaigner has applied to the High Court for an interim injunction to halt lower-volume fracking at the West Newton-A site in East Yorkshire.
Reabold Resources announced this afternoon it had reached agreement on the takeover of Union Jack Oil.
A four-year-old company is to outline plans to the public next week on extracting billions of cubic feet of gas in a remote and sensitive part of the North York Moors.
The site at the centre of a landmark legal challenge is seeking to produce more than 600,000 tonnes of oil over the next 20 years, releasing about two million tonnes of greenhouse gas emissions.
Investors in Europa Oil & Gas, the company behind plans for gas drilling and lower-volume fracking at Burniston, have approved resolutions to issue more shares and warrants. Announcement
A well test at the controversial Balcombe oil site – scene of daily anti-fracking protests in summer 2013 – is looking unlikely.
The Broadford Bridge oil wells near Billinghurst in West Sussex have been abandoned, the parent company has announced.
Council planners who have backed plans for lower-volume fracking in North Yorkshire have been warned they risk opening a “can of worms” over legal definitions.
Two leading councillors have supported calls for delays to the decision on plans for gas drilling and lower-volume fracking in the North Yorkshire village of Burniston.