29th Nov 2023 17:20
(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.
Union Jack has a 40% economic interest in both assets, while Europa O&G has 30%, as does Egdon Resources PLC.
Both Union Jack and Europa O&G said Egdon Resources provided an update on Wressle to the local community on new plans for the oil development. This includes a consultation, which is now live online and available until December 24, allowing the local community to provide feedback on its proposals.
Shares in Union Jack were down 1.3% to 19.00 pence each in London on Wednesday afternoon, while Europa O&G shares were up 2.0% to 1.00p each.
By Greg Rosenvinge, Alliance News senior reporter
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