Latest Breaking News On - தொழிற்சங்கம் பலா எண்ணெய் ப்ல் - Page 1 : comparemela.com

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

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

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Union Jack Oil posts loss on West Newton development costs | 17 May 2021

17 May 2021 | 08:03am StockMarketWire.com - Oil company Union Jack Oil reported a full-year loss, as it and partners continued to develop the West Newton prospect in England. Pre-tax losses for the year through December amounted to £1.87 million, compared to year-on-year losses of £1.69 million. Revenue edged up to £0.16 million, from £0.14 million. Union Jack had a cash balance in excess of £5.7 million at 1 May, not including loan receivables and royalty accruals of over £1 million due during 2021 and 2022. At 8:03am: [LON:UJO] Union Jack Oil Plc share price was 0p at 0.15p Story provided by StockMarketWire.com Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.

Union Jack Oil Plc looks forward to testing as West Newton B-1Z well advances

Union Jack Oil looks forward to testing as West Newton B-1Z well advances Results from the well to date are described as highly encouraging and the next phase of work begins in May. Union Jack Oil PLC (LON:UJO) told investors the West Newton  B-1Z appraisal well has successfully completed cased hole logging and vertical seismic profiling operations. The next phase of work will see a service rig used to perforate and stimulate the Kirkham Abbey formation ahead of flow testing. This work expected to get underway in May with operations slated to take around 4 weeks. Following the completion of the WNB-1Z well, the company intends to restart testing at the WNA-2 well.