Published by Josh White on 15th May 2018
(Sharecast News) - UK-focussed onshore hydrocarbon production, development and exploration company Union Jack Oil announced on Tuesday that it has entered into a sale-and-purchase agreement with Celtique Energie Petroleum, whereby Union Jack and its commercial partner Humber Oil & Gas will each make an investment to acquire a 16.25% interest in PEDL201 (Widmerpool Gulf) and a 12.5% interest in PEDL181 (Humber Basin) for a cash consideration of £7,500 each.