Reabold takeover fails
Reabold Resources has announced its takeover offer for Union Jack Oil has lapsed.
Reabold Resources has announced its takeover offer for Union Jack Oil has lapsed.
Reabold Resources has detailed its work programme for the West Newton oil and gas field in East Yorkshire.
A formal complaint has been made against the Environment Agency (EA) over the way it has handled plans for gas drilling and lower-volume fracking at Burniston in North Yorkshire.
An environmental campaigner has applied to the High Court for an interim injunction to halt lower-volume fracking at the West Newton-A site in East Yorkshire.
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.
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.
On the first full day of the Burnham government, campaigners have warned that people in 79 English constituencies could face a form of fracking unless a legal loophole is closed.
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.