Share Talk spoke with David about the RNS[Holmwood Update](https://www.investegate.co.uk/union-jack-oil-plc--ujo-/rns/holmwood-update/201809040700076380Z/) where Union Jack holds a 7.5% interest. 

"Europa Oil & Gas (Holdings) plc, the UK and Ireland focused oil and gas exploration, development and production company, announces that it has been notified by the Head of Estates at the Forestry Commission that the Minister for the Environment, Food and Rural Affairs, has decided not to renew the lease at Bury Hill Wood, Coldharbour Lane, Surrey. 

Bury Hill Wood is the proposed site for a temporary exploration well to test the conventional Holmwood prospect on licence PEDL 143 in the Weald Basin, Surrey. The lease expires on 12th September 2018.

Following the Minister's decision, the Company, on behalf of its partners, will be withdrawing its planning application to drill the Holmwood prospect from the Bury Hill Wood site.

The PEDL 143 licence remains valid and the Company, with its partners, intends to undertake a full evaluation of alternative sites from which to target the Holmwood prospect, and other plays in the basin. Europa Oil & Gas Limited is operator of PEDL 143 with a 20% interest..."

We also put shareholders questions to David and he is very open and honest in his replies.