News Oil & Gas

Union Jack increases stake in Biscathorpe for £1m

Union Jack Oil plc (UJO) today said it now held 45% interest in the Biscathorpe joint venture project PEDL253 after buying a 15% stake from Humber Oil & Gas for £1 million. TERMS Other shareholders of the licence include operator Egdon Resources UK Ltd with 35.8% and Montrose Industries Ltd 19.2%. UJO will pay £500,000 […]

Legal News Oil & Gas

Judicial review dismissed over UKOG Horse Hill oil

A judicial review has been dismissed against Surrey County Council’s planning consent for long-term oil production at the UK Oil and Gas (UKOG) site in Horse Hill, Surrey. The High Court’s judgement rejected the challenge’s three grounds, so leaving the company’s planning consent in place. UKOG, which owns 85.635% of the project, was granted permission […]

News Oil & Gas

UKOG applies for three more Turkey oil licences

UK Oil & Gas plc (UKOG) and its joint venture partner Aladdin Middle East (AME) have applied for three further exploration licences in the southeast of Turkey. UNDRILLED FEATURES The application covers four 150 km² blocks to the south and southeast of the company’s 305km² Basur-Resan licence, with UKOG responsible for its 50% share of […]

News Oil & Gas

United aims to exceed production guidance

United Oil & Gas plc announced it expected to exceed the previous guidance of 2,300 boepd when the company starts drilling at its joint venture Abu Sennan licence, onshore Egypt. DRILL CAMPAIGN The company said it had awarded an EDC-50 rig contract with low-cost rig rates linked to oil prices. The rig is due to […]

News Oil & Gas

Wressle JV defers work to 2021 and agrees £1m loan

The joint venture at Wressle oil field has deferred workover operations and final commissioning until January 2021, and partner Union Jack Oil has loaned operator Egdon Resources £1 million. The North Lincolnshire oil site lies within Licences PEDL180 and PEDL182. The JV includes UJO (40%) and the operator Egdon Resources (30%), Europa Oil & Gas […]