# Union Jack Oil PEDL253 settlement received from Humber Oil & Gas

- Link: https://www.directorstalkinterviews.com/union-jack-oil-pedl253-settlement-received-from-humber-oil-gas/412854564
- Published: 2020-08-26T07:25:41+01:00
- Author: Giles Arbor

**[Union Jack Oil](https://www.directorstalkinterviews.com/company/union-jack-oil-plc/ujo.l)
plc** ([LON:UJO](https://www.directorstalkinterviews.com/company/union-jack-oil-plc/ujo.l)),
a UK focused onshore hydrocarbon production, development and exploration company,
has noted the positive announcement made today by the Operator in respect of PEDL253.

Union Jack Oil states that “[Egdon](https://www.directorstalkinterviews.com/company/egdon-resources-plc/edr.l)
Resources plc has advised that the proceeds from the confidential settlement agreement
between Egdon Resources U.K. Limited (acting on behalf of the PEDL253 joint venture
partners) and Humber Oil & Gas Limited as announced on 24 June 2020 have been received.
The joint parties to PEDL253 have therefore resolved the dispute arising under the
JOA and look forward to co-operating in the future in the development of the licence.”

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