Union Jack raises £5m for new wells at West Newton and Biscathorpe
Union Jack Oil plc has raised £5m to press ahead with drilling plans at West Newton in East Yorkshire, the company announced this morning.
Focus at West Newton switches to oil with upgraded volume data
The exploration site at West Newton, north of Hull, has more oil than previously estimated, investors in the site said today.
West Newton well test suspended after oil find
Rathlin Energy has suspended the extended well test at its West Newton well site in East Yorkshire – just a week after the start.
“Biscathorpe analysis raises hopes in PEDL253” – drilling companies
A drilling licence in Lincolnshire remains one of the UK’s largest untested onshore prospects, Union Jack said today, even though the most recent well was suspended without finding oil or gas.
West Newton “potentially UK’s largest onshore hydrocarbon discovery since 1973” – investor
An investor in the West Newton wellsite in East Yorkshire has said it could be the UK’s largest onshore gasfield and the largest onshore hydrocarbon discovery since 1973.
Loss of Bury Hill Wood pushes Union Jack 2018 deficit over £1m
The onshore oil and gas company, Union Jack Oil has announced a loss of £1.1m in its accounts for 2018, published today. This compares with a deficit of £0.75m in 2017.
Drilling starts on second well at Rathlin Energy’s West Newton site in East Yorkshire
Investors in the West Newton oil and gas site north of Hull have announced that drilling is underway on a second well.
