Tag Archive for UJO

Reabold completes 37% investment in Rathlin Energy for exposure to ‘premier UK onshore opportunity’ (RBD)

Reabold Resources (LSE:RBD) announced the completion of its investment in Rathlin Energy (UK) Ltd today. The investment is for 37.08% of Rathlin who hold a 66.67% equity interest in the PEDL183 license UK onshore. The license contains the significant West Newton A-1 gas discovery with a Best Estimate Contingent Resources of 189 Bcf of gas…

Union Jack oil & Egdon Resources: Wressle receives recommendation for approval from planning officer

Union Jack Oil (LSE:UJO) announced today the Wressle development has received a recommendation for approval (subject to Conditions) from North Lincolnshire Council’s Planning Officer. Union Jack hold a 27.5% working interest in Wressle alongside operator Egdon Resources Plc (LSE:EDR). There have been a number of setbacks over the past couple of years with previous planning…

Union Jack Oil rises on major West Newton farm-in and £2.25m placing (UJO)

Union Jack Oil (LSE:UJO) rose 2.9pc to 0.09p this morning after purchasing a stake in a Yorkshire-based licence containing the prospective West Newton gas discovery. The firm has acquired a 16.7pc position in the 176,000-acre licence, called PEDL183, from Rathlin Energy, a subsidiary of Canadian business Connaught Oil and Gas. Its commercial partner Humber Oil…

Pre-drill anticipation builds as Union Jack oil releases update on Biscathorpe prospect (UJO)

Today, Union Jack Oil (LSE:UJO) released an update and a drilling timetable regarding iitsBiscathorpe prospect. The company has a 22% interest in the PEDL253 license containing the Biscathorpe asset. Construction of the well-site will be completed during September, with the drilling of the Biscathorpe-2 conventional well expected in October/November 2018. The new well will be used…