Union Jack Oil report highly positive news in respect of Biscathorpe

Union Jack Oil plc (LON:UJO), a UK focused onshore hydrocarbon production, development and exploration company has announced that the Planning Inspectorate has upheld the appeal against the refusal of planning permission by Lincolnshire County Council for a side-track drilling operation, associated testing and long-term oil production at the Biscathorpe-2 wellsite.        

The Biscathorpe project is covered by onshore UK licence PEDL253.  The PEDL253 Joint Venture partnership will review the decision notice and associated planning conditions in detail before providing an update on plans for progressing operations.  As part of this, the Operator, Egdon Resources Limited, will look to engage with the local community to ensure activities have minimal impact on local amenity.

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Union Jack Oil expands into USA with three mineral royalty packages

Union Jack Oil plc (LON:UJO), a predominantly UK onshore focused production, development and exploration company, has announced details of its initial expansion into the United States of America, with the purchase of three Mineral Royalty packages, brokered by