Opposition investors seek removal of Union Jack directors
Shareholders opposed to the takeover of Union Jack Oil are seeking a general meeting to remove three directors from 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 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.