Union Jack Oil says work at West Newton continues to progress

Francesca Morgan
RNS Newswire
08:05, 4th May 2020

Union Jack Oil (AIM:UJO) FOLLOW has told local residents in the West Newton community that it continues to advance its programme at the site in line with Covid-19 government guidance. 
The UK-focused onshore hydrocarbon firm relayed a statement from Rathlin Energy, the operator of licence PEDL183 at the site which contains the West Newton A-1 and A-2 wells. 
“This update is to let you know that we are moving our programme of works forward, in line with the latest government and public health guidance on COVID-19. We continue to follow the advice closely,” outlined Rathlin in a letter. 
As of today, work has commenced on the construction of the West Newton B access track which is expected to take five to six weeks, Rathlin said. 
Shares in Union Jack Oil were trading 9.30% higher at 0.117p on Monday morning. 

UJO price chartThe group added that site construction works will commence on the West Newton B drilling site in due course and are also anticipated to take between five and six weeks to complete. 
Meanwhile, Rathlin said it has been permitted by the Environment Agency to recommence testing at the West Newton A site once the required personnel and equipment are available. 
The testing programme was given the go ahead from the agency last month on 24 April 2020. 
Union Jack holds a 16.665% interest in the PEDL183 licence. 
Follow News & Updates from Union Jack Oil here: FOLLOW

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