Union Jack directors stand firm on Reabold takeover two days from deadline
The new board of Union Jack Oil has repeated its recommendation to shareholders to reject the takeover bid by Reabold Resources.
The new board of Union Jack Oil has repeated its recommendation to shareholders to reject the takeover bid by Reabold Resources.
Union Jack, which has interests at Wressle and West Newton, has recommended shareholders vote against a proposal to remove the board.
Plans for more drilling and another 10 years of production at an oil site in Dorset are likely to have “significant effects” on the environment, the government has ruled.
Work to plug and abandon one of England’s few shale gas wells has been delayed – but it is due to be completed “within the next week”, DrillOrDrop has learned.