Reabold Resources plc has completed its £700,000 acquisition of further shares in Rathlin Energy (UK) Ltd, operator of the onshore West Newton gas joint venture within PEDL183 in East Yorkshire. The company purchased the shares from Connaught Oil & Gas Ltd, increasing its equity interest in Rathlin to approximately 79.8%. Reabold holds a 69.9% economic […]
Tag: Union Jack Oil plc
UJO identifies zones of interest in Moccasin 1-13
Union Jack Oil plc has identified “several zones of interest and test intervals” in the Moccasin 1-13 well in Pottawatomie County, Oklahoma. TESTING Joint venture operator Reach Oil and Gas Company Inc drilled the well to a total depth of 5,690 feet and has acquired electric logs. Evaluation and testing will begin on or around […]
Union Jack-Reach spud Moccasin 1-13 well
Union Jack Oil plc joint venture partner has spud the Moccasin 1-13 well, located in Pottawatomie County, Oklahoma, USA. ZONES Operator Reach Oil and Gas Company Inc will drill the well, the partnership’s fourth, to a target depth of 5,500 feet. Union Jack, with a 45% working interest, said it had already met its costs […]
UJO encounters quality reservoir in Taylor
Union Jack Oil plc said it had encountered quality reservoir with two potential further secondary intervals in the joint venture Taylor 1-16 well in Seminole County, Oklahoma, USA. OBJECTIVE Operator Reach Oil and Gas Inc drilled the well to a total depth of 4,577 feet, reaching the target Hunton Limestone interval at 4,168ft. The interval […]
Wressle JV to submit GHG emissions analysis
The Wressle joint venture will submit details on downstream emissions for the onshore oil project after the local authority rescinded its earlier planning permission as the companies anticipated. CONFIDENT Europa Oil & Gas (Holdings) plc and Union Jack Oil plc said last month that they expected the September consent to be quashed after North Lincolnshire […]
UJO expects restart of Keddington production
Union Jack Oil plc expects to restart production during late 2024 at the Keddington oil field in the East Lindsey district of Lincolnshire. GROWTH The company, which owns 55% while Egdon Resources (UK) Ltd holds 45%, said that ongoing site improvements were “progressing well”. Elsewhere in the UK, cumulated net revenues profits from the onshore […]