By HotStockRockets | Sunday 9 October 2016
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The UK's 14th onshore licensing round came to a close today with the final awards of new acreage and Union Jack (UJO) gets a win from the process. Egdon Resources has formally been awarded license PEDL 339 in the East Midlands and if Union Jack pays 20% of the cost of the first well - which it will - it gets a 10% interest.