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UK: Union Jack Oil acquires a further 15 percent interest in the Biscathorpe Project PEDL253

AIM-listed Union Jack Oil has agreed to acquire a further 15% economic interest in PEDL253 containing the Biscathorpe project from Humber Oil & Gas, increasing its interest to 45%. PEDL253 is located within the proven hydrocarbon fairway of the Humber Basin, on-trend with the Keddington oilfield (Union Jack 55%) which produces oil from a Carboniferous Westphalian aged reservoir. ....

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