Union Jack directors ousted
All three Union Jack Oil directors, David Bramhill, Joseph O’Farrell and Zac Phillips, have been removed immediately from the board, the company announced today (24 August 2026).
All three Union Jack Oil directors, David Bramhill, Joseph O’Farrell and Zac Phillips, have been removed immediately from the board, the company announced today (24 August 2026).
Union Jack, which has interests at Wressle and West Newton, has recommended shareholders vote against a proposal to remove the board.
Shareholders opposed to the takeover of Union Jack Oil are seeking a general meeting to remove three directors from the board.
Reabold Resources announced this afternoon it had reached agreement on the takeover of Union Jack Oil.
An investor in the Wressle and West Newton fields warned today that government policy has made its UK business “increasingly difficult to progress”.
Partners seeking to produce oil in the protected Lincolnshire Wolds have abandoned their challenge to the refusal of planning permission, a formal statement announced this morning.
Planners at North Lincolnshire Council have granted planning permission for more drilling and small-scale fracking in an expansion of the Wressle oil site near Scunthorpe.
Potential gas production from two sites in East Yorkshire would have a significantly lower carbon footprint than the UK average, according to new estimates.
Union Jack Oil, the majority investor in the Wressle onshore site in North Lincolnshire, has announced its first move into the US.
A report on the Wressle oil field in North Lincolnshire has upgraded reserves.