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UK: Union Jack Oil announces final results for Y/E 31 December 2020
17 May 2021
AIM-listed
Union Jack Oil, a UK focused onshore hydrocarbon production, development and exploration company, has announced its audited results for the year ended 31 December 2020.
Operational Highlights
Successful drilling of the West Newton B-1Z conventional appraisal well where initial petrophysical evaluation has demonstrated a gross hydrocarbon saturated interval of at least 118 metres within the Kirkham Abbey formation
West Newton B-1Z and A-2 well tests are imminent
Following the successful re-perforation of the Ashover Grit formation at Wressle, oil is free flowing and the Wressle-1 well has been placed on continuous production test and is awaiting a proppant squeeze
West-newtonNorthumberlandUnited-kingdomBiscathorpeLincolnshireAshoverDerbyshireMidlandsLeicestershireWressleNorth-yorkshireYorkshire