Union Jack takeover update
New directors of Union Jack Oil will give their views next week on the proposed takeover by Reabold Resources, according to a statement to investors.
New directors of Union Jack Oil will give their views next week on the proposed takeover by Reabold Resources, according to a statement to investors.
UK Oil & Gas, the company behind controversial expansion plans at the Horse Hill oil site in Surrey, has changed its name.
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.
The company behind gas plans in North Yorkshire announced losses of more than £4 million in its annual accounts.
Shareholders opposed to the takeover of Union Jack Oil are seeking a general meeting to remove three directors from the board.
Two directors of an oil firm have retired after “consultation with shareholders” and the entire board of a second company faces a call for its replacement.
The Wressle oil field in North Lincolnshire earned Europa Oil & Gas £5.3m in the past year, the company reported this week.
The Wressle production site in Lincolnshire has helped Europa Oil & Gas quadruple its annual revenues.
A former champion boxer has backed a group seeking to take control of the company that owns more than half of Rathlin Energy’s onshore oil and gas operations.