Scandoil  

Union Jack Oil acquires interest in PEDL209 and the Laughton prospect


Published Jan 27, 2016
Union Jack Oil plc

Union Jack Oil plc has entered into an agreement with Egdon Resources plc, to farm-in to the conventional prospects only of PEDL209 containing the Laughton Prospect.

PEDL209 is located along the eastern side of the Gainsborough Trough, a proven hydrocarbon province within the East Midlands.

Under the terms of the Agreement, Union Jack will pay 16.67% of the cost of the Laughton-1 well, scheduled to be drilled during February 2016, to earn a 10% economic interest the conventional resources in PEDL209.

Tags: Egdon Resources Plc, Union Jack Oil




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