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Wed, 24th Jun 2020 13:04
Union Jack Oil PLC- UK-focused hydrocarbon explorer - Boosts interest in PEDL253 asset located in Lincolnshire, UK, by 3% to a total 30% stake. Union Jack to part with GBP115,000 as part of deal with Montrose Industries Ltd.
Current stock price: 0.19 pence
Year-to-date change: up 12%
By Eric Cunha; ericcunha@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
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 moreEgdon 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 moreUnion 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:
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(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.
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(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.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday not separately reported by Alliance News:
Read more(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.
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 moreUnion 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.
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