Union Jack, Europa O&G note Egdon update on Wressle future plans

(Alliance News) - Union Jack Oil PLC and Europa Oil & Gas Holdings PLC on Wednesday both noted ...

Alliance News 29 November, 2023 | 5:20PM
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(Alliance News) - Union Jack Oil PLC and Europa Oil & Gas Holdings PLC on Wednesday both noted Egdon Resources UK Ltd's community update on the Wressle oilfield development in North Lincolnshire, including PEDL180 and PEDL182 assets.

Union Jack has a 40% economic interest in both assets, while Europa O&G has 30%, as does Egdon Resources PLC.

Both Union Jack and Europa O&G said Egdon Resources provided an update on Wressle to the local community on new plans for the oil development. This includes a consultation, which is now live online and available until December 24, allowing the local community to provide feedback on its proposals.

Shares in Union Jack were down 1.3% to 19.00 pence each in London on Wednesday afternoon, while Europa O&G shares were up 2.0% to 1.00p each.

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Union Jack Oil PLC 18.25 GBX 4.29 -
Europa Oil & Gas (Holdings) PLC 1.15 GBX 9.52 -

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