Takeover bid for Union Jack Oil
Reabold Resources has offered to buy Union Jack Oil, both companies confirmed this morning.
Reabold Resources has offered to buy Union Jack Oil, both companies confirmed this morning.
The former energy minister, Chris Skidmore, has resigned over new legislation to offer more offshore oil and gas licences, prompting another by-election.
Ineos has offered to develop a fracking test site in the UK.
Angus Energy said this morning it had received at least six “bona fide” approaches from parties interested in making an offer for the company or its interest in the Saltfleetby gas field.
An UK Oil & Gas share offer has raised just a tenth of the target funds, the company has reported.
Cuadrilla’s leading investor, AJ Lucas, has failed to raise its target in a recent share offer.