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Investegate |Union Jack Oil PLC Announcements | Union Jack Oil PLC: Price Monitoring Extension

Investegate |Union Jack Oil PLC Announcements | Union Jack Oil PLC: Second Price Monitoring Extn

Union Jack Oil Plc considering an equity raise to expand growth plans

Union Jack Oil Plc considering an equity raise to expand growth plans
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Union Jack Oil welcomes crude storage nod for Wressle project | 26 May 2021

26 May 2021 | 09:24am StockMarketWire.com - Oil company Union Jack Oil welcomed news that North Lincolnshire Council had approved the storage of crude oil at the Wressle project. Union Jack held a 40% economic interest in the development, which was operated by Egdon Resources. The grant of consent allowed full use of the installed oil storage capacity at site of about 2,000 barrels. Union Jack said it would enable full production from the Wressle-1 well following a proppant squeeze expected to increase production to a constrained 500 barrels of oil per day. At 9:24am: [LON:UJO] Union Jack Oil Plc share price was 0p at 0.15p

Union Jack Oil Plc counts down to West Newton B-1Z well testing

Union Jack Oil counts down to West Newton B-1Z well testing The planned testing programmes at the West Newton B and A sites are the next milestone events in determining the development potential of West Newton,” said David Bramhill. Union Jack Oil PLC (LON:UJO) told investors that equipment to complete and test the West Newton B-1Z well, in Yorkshire, has now been mobilised. Gear required for the programme were mobilised yesterday, according to project operator Rathlin Energy, including a workover rig, well test package, low-emission burners, and a wireline unit. The company noted that the equipment will be ‘rigged up’ in the first week of what will be a six week completion and testing programme. Initially, the work will be carried out in daylight hours though once the testing phase is underway it will move to a 24-hour operation.

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