Union Jack Oil plc, a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce an update in respect of the Biscathorpe project located within Lincolnshire licence, PED253. ·Break-even full-cycle economics estimated to be US $18.07 per barrel of oil. ·Principal Westphalian target has an unrisked gross NPV10 of...
RNS Number: 0150 H Union Jack Oil PLC 20 March 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0125 H Union Jack Oil PLC 20 March 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Union Jack Oil Plc #UJO Announced an update in respect of the development plan for the Wressle oilfield located within North Lincolnshire licences, PEDL180 and PEDL182. Egdon Resources plc, the Operator, has updated its economic model for the Wressle oilfield. This work demonstrates that the project is economically robust in the current oil price environment with a cash break-even oil price estimated at $17.62 per barrel. Progress to date has concentrated on the enabling works highlighted in point 1 above. The initial work on site will be the installation of the groundwater monitoring boreholes with the main site operations occurring in the last months of the work stream. On current plans, first oil is envisaged during H2 2020. The Wressle oilfield development was granted planning consent on appeal on 17 January 2020.
RNS Number: 5310 G Union Jack Oil PLC 18 March 2020 Market Abuse Regulation Disclosure. Union Jack Oil plc, a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce an update in respect of the development plan for the Wressle oilfield located within North Lincolnshire licences, PEDL180 and PEDL182.
RNS Number: 2537 G Union Jack Oil PLC 16 March 2020. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2532 G Union Jack Oil PLC 16 March 2020. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Union Jack Oil Plc #UJO Announced the acquisition of an additional 35% economic interest in PEDL005(R) containing the producing Keddington Oilfield from Terrain Energy Limited. Following completion of the acquisition, Union Jack will hold a 55% economic interest in Keddington, with Egdon Resources plc holding the remaining 45%. The consideration for the acquisition is £200,000.
Union Jack Oil plc, a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce the acquisition of an additional 35% economic interest in PEDL005 (R) containing the producing Keddington Oilfield from Terrain Energy Limited. The consideration for the Acquisition is £200,000. In addition, Union Jack has assumed...
Union Jack Oil Plc #UJO announced an update regarding the planned work programme at West Newton within the PEDL183 licence area onshore UK covering the re-commencement of the Extended Well Test ("EWT") at the successful West Newton A-2 well site and the proposed commencement of appraisal drilling operations at the separate West Newton B-1 well site. Following the successful drilling of the A-2 well as announced by the Company on 17 June 2019, the EWT operations were paused in late August 2019 in order to design a test that was better suited to evaluate the significant oil column encountered in the A-2 well, as opposed to the original intention to test predominantly gas. This alternative test has been designed by Rathlin Energy (UK) Limited ("Rathlin" or the "Operator"), and all necessary equipment has been identified to recommence the EWT. The process for the commencement of drilling operations at the B site are independent of the EWT at West Newton A-2. The bottom hole drilling location for the B-1 well has been finalised and preparations are currently underway for the works required for the commencement of operations at the B site, which will begin during Q2 2020. Two wells are permitted to be drilled from the West Newton B site. The first well drilled from the B site, West Newton B-1, is designed to further appraise the Kirkham Abbey formation, and to test the deeper Cadeby formation at its optimum location, particularly given the encouraging results retrieved from the West Newton A-1 and A-2 wells.
RNS Number: 5197 D Union Jack Oil PLC 20 February 2020 Market Abuse Regulation Disclosure Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation No 596/ 2014 until the release of this announcement. Union Jack Oil plc, a UK focused onshore conventional hydrocarbon production,...
RNS Number: 2174 A Union Jack Oil PLC 17 January 2020 Market Abuse Regulation Disclosure Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation No 596/ 2014 until the release of this announcement. Wressle Development Granted Planning Consent on Appeal. Union Jack Oil plc, a UK...
RNS Number: 2186 X Union Jack Oil PLC 18 December 2019 Market Abuse Regulation Disclosure. Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation No 596/ 2014 until the release of this announcement. Union Jack Oil plc, a UK focused onshore hydrocarbon production, development and...
RNS Number: 1648 V Union Jack Oil PLC 29 November 2019 29 November 2019. Following the issue of 3,333,333,326 new ordinary shares during the month ended 30 November 2019, the Company's total issued share capital and total voting rights as at the date of this announcement is 15,440,906,325 ordinary shares of 1 p each Ordinary Shares.. RNS is approved by the...
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Company Profile

The directors believe that significant opportunities exist to invest in, or acquire, a company or companies or businesses or assets in the hydrocarbon sector. The investment strategy will have a heavy emphasis on acquiring late stage exploration projects where planning consent has been approved for drilling wells and to acquire minority production working interests onshore and/or offshore in the UK. The directors consider that the UK, with its stable economy, well regulated hydrocarbon market by the Department of Energy and Climate Change and a well established licensing system is an attractive country for direct investment in hydrocarbon projects.

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6 Charlotte Street
Bath
BA1 2NE
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