Union Jack board resists bid to oust directors
Union Jack, which has interests at Wressle and West Newton, has recommended shareholders vote against a proposal to remove the board.
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.
Reabold Resources has offered to buy Union Jack Oil, both companies confirmed this morning.
DrillOrDrop’s round-up of announcements from three companies with UK onshore oil and gas interests: investor raises stake, director resigns and refinancing continues.
The major backer of oil and gas production in East Yorkshire has announced a share placing to raise £1.1m.
A new share placing could raise £1.9m for the West Newton oil and gas project in East Yorkshire, the leading partner has announced.
An oil and gas site in East Yorkshire has got a go-ahead for reservoir stimulation, the site operator announced this morning.
The oil and gas company, Rathlin Energy, has announced it has changed its independent auditor.
The cash-strapped oil and gas company, Rathlin Energy, has won more time to secure funds to meet its drilling commitments.