Takeover bid for Union Jack Oil
Reabold Resources has offered to buy Union Jack Oil, both companies confirmed this morning.
Union Jack takes £1m loan from Egdon
The company with the biggest stake in the Wressle oil field has agreed a £1m loan from the site operator, Egdon Resources.
Company updates: Angus, Union Jack and Reabold
DrillOrDrop’s round-up of announcements from three companies with UK onshore oil and gas interests: investor raises stake, director resigns and refinancing continues.
Union Jack warning on UK onshore oil and gas assets
An investor in the Wressle and West Newton fields warned today that government policy has made its UK business “increasingly difficult to progress”.
Biscathorpe decommissioning due
An oil well in the Lincolnshire Wolds is to be decommissioned in the coming weeks.
Breaking: Oil companies drop Biscathorpe appeal
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.
Bitcoin mining plan for cash-strapped East Yorkshire gasfield
Two mothballed gas sites in East Yorkshire could be used for cryptocurrency mining, company announcements revealed today.
Oil production restarts at Keddington
Production at the Keddington oilfield in Lincolnshire has resumed, a partner announced this morning.
Profits down at Union Jack
Gross profits at Union Jack Oil fell 40% in 2024, compared with the year before, annual acounts revealed today.
Wressle permission quashed
Planning permission for expansion at the UK’s second largest onshore oil producer has been formally rescinded in another casualty of the landmark Supreme Court judgement on climate emissions.
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