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Union Jack Oil report a positive set of Half Yearly results

Union Jack Oil report a positive set of Half Yearly results ....

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Oil price, Union Jack/Egdon, PetroTal. And finally….

Oil price, Union Jack/Egdon, PetroTal. And finally….
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UK: Union Jack Oil completes a further acquisition of a 15 percent interest in PEDL253 Biscathorpe

UK: Union Jack Oil completes a further acquisition of a 15 percent interest in PEDL253 Biscathorpe
01 Mar 2021
PEDL253 containing the
Biscathorpe project on the terms originally announced on 18 January 2021 and Union Jack now holds a 45% interest in PEDL253.
On the proposed conventional
B-2Z side-track appraisal well, the Company also highlights that a Planning Application has been made for the side-track drilling operation, associated testing and, in a success case, the long-term production of hydrocarbons at the Biscathorpe-2 wellsite, with drilling planned for H2 2021, subject to planning approval.
Highlights
PEDL253 is located within the proven hydrocarbon fairway of the Humber Basin, on-trend with the Keddington oilfield (Union Jack 55% interest) which produces oil from a Carboniferous Westphalian aged reservoir ....

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