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Union Jack Oil acquires interest in PEDL209 and the Laughton prospect


Published Jan 27, 2016
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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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