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Share Price: 23.25

Bid: 23.00

Ask: 23.50

Change: 0.00 (0.00%)

Spread: 0.50 (2.174%)

Open: 23.25

High: 23.25

Low: 23.25

Prev. Close: 23.25

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IN BRIEF: Reabold, Union Jack note Rathlin to submit new application

Fri, 26th Nov 2021 13:19

Reabold Resources PLC and Union Jack Oil PLC - Note that Rathlin Energy (UK) Ltd, the operator of PEDL183 and the West Newton Field in Yorkshire, publishes update to residents regarding ongoing plans for the West Newton A and West Newton B sites. Rathlin's update includes that it is working on a revised approach for West Newton A proposed development and intends to submit new application. Rathlin also says it will be applying to council to extend condition requiring operations to be completed by April 2022 at West Newton B.

Reabold holds a 56% economic interest in West Newton via its 59% shareholding in Rathlin, which, in turn, has a 67% stake in PEDL183. In addition, Reabold has a 16.67% direct licence interest in PEDL183. Union Jack holds a 16.67% PEDL183 stake also.

Current Reabold stock price: 0.147 pence, down 8.1% on Friday

Year-to-date change: down 78%

Current Union Jack stock price: 13.00p, down 7.1% on Friday

Year-to-date change: down 59%

By Lucy Heming;Â lucyheming@alliancenews.com

More News

17 May 2023 12:18

Egdon Resources agrees to all-cash takeover by Petrichor Partners

(Alliance News) - Egdon Resources PLC on Wednesday said it has agreed to an all-cash takeover offer from Petrichor Partners LP.

17 May 2023 08:57

LONDON MARKET OPEN: FTSE weighed down by LSEG and British Land

(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.

17 May 2023 07:59

LONDON BRIEFING: Shares hit by US deadlock; JD Sports profit falls

(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.

15 May 2023 15:15

IN BRIEF: Union Jack Oil swings to profit; says future looks "bright"

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.

10 May 2023 13:27

TRADING UPDATES: Datalex renews partnership; Live Co sells tours

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

10 May 2023 13:14

Union Jack Oil achieves $15m revenue landmark from Wressle

(Sharecast News) - Union Jack Oil announced on Wednesday that it has achieved material landmark net revenues of over $15m from the Wressle hydrocarbon development, located within licences PEDL180 and PEDL182 in North Lincolnshire, on the western margin of the Humber Basin.

4 May 2023 17:04

TRADING UPDATES: Lookers buys Waterhouse; CT Automotive audit ongoing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

4 May 2023 13:01

Union Jack Oil disposes of interest on Claymore Area royalty

(Sharecast News) - UK-focussed onshore hydrocarbon producer, developer and explorer Union Jack Oil updated the market on the sale of its interest in the Claymore Area royalty agreement on Thursday.

28 Mar 2023 16:46

TRADING UPDATES: Galantas Gold closes placement; Kropz makes draw down

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

27 Mar 2023 19:52

TRADING UPDATES: Eqtec wins French contract, Union Jack revenue boost

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday not separately reported by Alliance News:

27 Mar 2023 15:07

Union Jack Oil reaches $14m revenue at Wressle

(Sharecast News) - Union Jack Oil, a UK onshore hydrocarbon producer, developer, and explorer, announced a significant milestone on Monday, with revenues exceeding $14m from the Wressle development in North Lincolnshire.

16 Mar 2023 20:21

TRADING UPDATES: Highbridge delays liquidation; Phoenix finds silver

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

6 Feb 2023 14:06

IN BRIEF: Union Jack Oil touts "landmark" revenue at Wressle project

Union Jack Oil PLC - Bath, England-based oil and gas company - Notes landmark revenue of USD13.0 million from the Wressle hydrocarbon development, since the re-commencement of production on August 19, 2021. Wressle is located within licences PEDL180 and PEDL182 in North Lincolnshire, England on the western margin of the Humber Basin. The well continues to produce under natural flow with zero water cut, with site upgrades including installation of microturbines and associated equipment ongoing.

17 Jan 2023 14:54

TRADING UPDATES: Genel Energy likes high oil price; Cooks Coffee grows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

4 Jan 2023 15:51

Union Jack reaches $12m in Wressle revenues since restart

(Sharecast News) - UK-focussed onshore hydrocarbon explorer, developer and producer Union Jack Oil announced on Wednesday that material landmark net revenues of $12m have been achieved from the Wressle development, within licences PEDL180 and PEDL182 in North Lincolnshire, on the western margin of the Humber Basin.

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IN BRIEF: Reabold, Union Jack note Rathlin to submit new application

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