The Wressle-1 exploration well, jointly owned by Egdon Resources, Union Jack Oil and Europa Oil & Gas, has been found to have a potential hydrocarbon pay in three intervals. Drilling on the well, which is located in Scunthorpe, began on 18 July and reached a total depth of 2,240 metres. Thicknes
Read moreLONDON (Alliance News) - Union Jack Oil PLC Friday said it has raised GBP1.4 million before expenses in a significantly oversubscribed share placing, funds it said will enable it to actively bid for interests in the 14th licensing round for onshore oil and gas licensing. The UK-based onshor
Read moreLONDON (Alliance News) - GlaxoSmithKline has signed a collaboration and licensing agreement with UK-based biotechnology company Adaptimmune Ltd for its cancer programme, a move that comes just weeks after it agreed to sell its own cancer drug business to Novartis as part of a
Read moreLONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Monday.
-------
FTSE 100 - WINNERS
-------
Anglo American, up 1.9%, Rio Tinto, up 1.7%, Glencore, up 1.4
Shares in UK hydrocarbon group Union Jack Oil soared on Monday morning after the company said estimates at its part-owned PEDL201 licence have confirmed "significant shale oil and gas potential". The technical review, undertaken by Molten Limited, showed that so-called "mean gross un-risked determi
Read moreLONDON (Alliance News) - UK shares have opened slightly higher Monday on a good manufacturing PMI reading from China at the weekend and ahead of Thursday's European Central Bank meeting.
Goldman Sachs likes the shares of UK estate agents, raising Countrywide to Buy
LONDON (Alliance News) - Union Jack Oil PLC Monday said that an independent technical report carried out on its PEDL201 licence in the UK Midlands has confirmed significant shale oil and gas potential at the Widmerpool Gulf region of the site. The UK-focused oil and gas exploration and deve
Read moreLONDON (Alliance News) - Union Jack Oil PLC and Europa Oil & Gas PLC Thursday said that Egdon Resources PLC has informed them that drilling on the Wressle-1 conventional exploration well on the PEDL 180 Licence in Lincolnshire is expected to start in July. Europa Oil said that the Wressle-1
Read moreLONDON (Alliance News) - Union Jack Oil PLC Tuesday said its pretax loss widened in 2013 as administrative expenses and AIM admission costs hit the company. The onshore oil and gas exploration company with a focus on the UK hydrocarbon sector said its pretax loss widened to GBP708,851 from
Read more