Union Jack Oil to expand operations to US through new partnership
29th Jan 2024 11:25
(Alliance News) - Union Jack Oil PLC on Monday said it will expand its operations to the US through a partnership with Reach Oil & Gas Inc. Read More
(Alliance News) - Union Jack Oil PLC on Monday said it will expand its operations to the US through a partnership with Reach Oil & Gas Inc. Read More
(Alliance News) - Union Jack Oil PLC on Monday said it has achieved revenue of over USD18.0 million at its Wressle hydrocarbon development since production restarted in August 2021. Read More
(Alliance News) - Union Jack Oil PLC and Europa Oil & Gas Holdings PLC on Tuesday said an independent assessment has increased the oil reserves of their licences at the Wressle field onshore in Lincolnshire, England. Read More
(Alliance News) - Europa Oil & Gas Holdings PLC and Union Jack Oil PLC on Tuesday said that production had increased at the UK onshore Wressle-1 well. Read More
(Alliance News) - Union Jack Oil PLC and Europa Oil & Gas Holdings PLC on Wednesday both noted Egdon Resources UK Ltd's community update on the Wressle oilfield development in North Lincolnshire, including PEDL180 and PEDL182 assets. Read More
Union Jack Oil PLC - UK-focused onshore hydrocarbon production, development, and exploration company - Wressle-1 well has been brought back into production following installation of a downhole jet pump. "Since production resumed, flow-rates in excess of 950 barrels of oil per day have been recorded. The well is now on continuous 24-hour production and is still cleaning up. Export and sale of oil has recommenced," Union Jack says. The firm owns a 40% interest in the asset. Europa Oil & Gas Holdings PLC, with a 30% stake, also notes the development. Read More
(Alliance News) - Europa Oil & Gas Holdings PLC and Union Jack Oil PLC on Wednesday announced Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Union Jack Oil PLC on Monday said its profit, revenue and earnings decreased in its latest half year, but that its balance sheet is "robust" and the future "remains bright." Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Egdon Resources PLC, Europa Oil & Gas Holdings PLC and Union Jack Oil PLC on Thursday said the Wressle 1 well in Liconolnshire, England has begun to produce a small amount of water, accounting for 3.7% of the total production fluid for July. Read More
Union Jack Oil PLC - Bath, England-based UK-focused onshore hydrocarbon production, development, and exploration company - Reports its material landmark net revenues is in excess of USD16 million in the Wressle hydrocarbon development located in North Lincolnshire, since production recommenced in August 2021. Union Jack Oil has a 40% economic interest in this development. Says oil production stable at 780 barrels per day, compared to 750 barrels on June 20, 2022. Read More
Egdon Resources PLC - Gloucestershire, England-based oil and gas explorer and producer - Withdraws planning appeals related to the refusal of planning consent for exploratory drilling at its North Kelsey oil sight in Lincolnshire. Says the decision comes about following advice from a planning inspector. Last year, Lincolnshire County Council refused Egdon's right to extend the timeframe of an existing planning and drilling permit at North Kelsey. A hearing was due to take place next week to determine whether the council was right to refuse planning permission. A new planning application for consideration by the council will be submitted by Egdon, as well as recently updated traffic, ecology and flood risk assessments. Union Jack Oil PLC, Bath-based, hydrocarbon production, development and exploration company which holds a 50% stake in the licence, notes Egdon's announcement. Together, they hold the PEDL241 joint venture, where North Kelsey is situated. Read More
(Alliance News) - Egdon Resources PLC on Wednesday said it has agreed to an all-cash takeover offer from Petrichor Partners LP. Read More
(Alliance News) - Stock prices in London opened lower on Wednesday, as the US government debt stand-off continues and disappointing corporate updates weighed on the FTSE 100. Read More
(Alliance News) - Stocks in London were called down on Wednesday, as crunch talks in the US about avoiding a government debt default seemed to make little progress. Read More
Union Jack Oil PLC - UK-focused hydrocarbon production, development and exploration company - Swings to a pretax profit in 2022 as its full-year revenue multiplies. Pretax profit in the year swings to GBP3.1 million from a loss of GBP853,013 the year prior. Revenue multiplies to GBP8.5 million from USD1.9 million in 2021. Explains this increase was mainly due to elevated cash flow from its Wressle project, as well as "robust" oil prices and increased hydrocarbon production in the year. Declares an interim dividend of 0.3 pence per share. Looking forward, Executive Chair David Bramhill says the company will remain focused on the development of its flagship projects, Wressle and West Newton, moving forward. "The future of Union Jack remains bright," he adds. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More