New Union Jack board rejects Reabold offer
New directors of Union Jack Oil have unanimously rejected the takeover offer by Reabold Resources.
New directors of Union Jack Oil have unanimously rejected the takeover offer by Reabold Resources.
Companies behind plans in East Yorkshire for a £2.5m lower-volume frack, well test and data centre study have given notice of preparation work.
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.
Rathlin Energy, the company planning lower-volume fracking in East Yorkshire, has appointed a new board member from its majority owner.
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.
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.