Union Jack and Reabold clash over West Newton frack plan
Reabold Resources has hit back at doubts over plans to frack at West Newton in East Yorkshire made by the partner it is seeking to acquire.
Reabold Resources has hit back at doubts over plans to frack at West Newton in East Yorkshire made by the partner it is seeking to acquire.
New directors of Union Jack Oil have unanimously rejected the takeover offer by Reabold Resources.
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.
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 company with the biggest stake in the Wressle oil field has agreed a £1m loan from the site operator, Egdon Resources.
DrillOrDrop’s round-up of announcements from three companies with UK onshore oil and gas interests: investor raises stake, director resigns and refinancing continues.
An investor in the Wressle and West Newton fields warned today that government policy has made its UK business “increasingly difficult to progress”.
An oil well in the Lincolnshire Wolds is to be decommissioned in the coming weeks.
Partners seeking to produce oil in the protected Lincolnshire Wolds have abandoned their challenge to the refusal of planning permission, a formal statement announced this morning.