logo-loader

Investor Update: Union Jack's West Newton potential confirmed

Headlines from the Proactive UK newsroom.

Union Jack Oil (LON:UJO) has been informed by the operator that the Kirkham Abbey reservoir in the West Newton project area contains a base case 146mln barrels of oil and up to 283mln barrels in a best case. The liquid element is much higher than originally estimated.

Sirius Minerals (LON:SXX) has dramatically scaled back its plans for the York Potash project to ease the capital requirements. Only US$600mln is now envisaged to reach first polyhalite with the second stage to start only when a further US$2.5bn has been raised.

Genel Energy (LON:GENL) has taken 100% ownership of a block, onshore Somaliland after acquiring East Africa Resource Group's 25% stake. A farm-out process relating to the block is now underway.

Nasdaq-listed GW Pharmaceuticals has had two of its cannabis-based medicines recommended for use on the NHS by clinical overseer NICE.  The products are the first plant-derived cannabis-based medicines to be recommended for the UK’s health service.

Bakery chain Greggs’ profits this year will be ahead of forecasts after another strong sales burst. Revenues in the six weeks to 9 November jumped by 12.4% or by 8.3% like-for-like.

British Steel is to be rescued by China's Jingye Group, according to reports this morning. They’ve agreed in principle to buy the bust firm for £70m backed by UK government loan guarantees and financial support.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Union Jack Oil PLC named herein, including the promotion by the Company of Union Jack Oil PLC in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Things coming together nicely in Greenland, says Bluejay Mining's CEO

Rod McIllree, Bluejay Mining PLC’s (LON:JAY) chief executive, tells Proactive that all three of its projects in Greenland are shaping up nicely with plenty of interest from mining giants. Dundas is the flagship and here a bulk sample of mineral sands has been shipped to a Rio Tinto facility...

1 day, 12 hours ago

2 min read