Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement
14 May 2018
Union Jack Oil plc
("Union Jack" or the "Company")
Biscathorpe and North Kelsey Planning Update
Union Jack Oil plc (AIM: UJO), a
David Bramhill, Executive Chairman of Union Jack, commented:
"We are delighted with the Planning Committee's favourable decision to extend the planning permissions at Biscathorpe and North Kelsey.
"Biscathorpe-2 holds considerable upside potential for our Company with gross prospective oil resources of 14 million barrels and a high geological Chance of Success of 40%. We are enthusiastic about commencing drilling operations expected around mid-year 2018 and look forward to updating the market on progress in due course."
For further information, please contact:
Union Jack Oil plc |
+44 (0) 7787 160 682 |
David Bramhill |
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SP Angel Corporate Finance LLP |
+44 (0) 20 3470 0470 |
Nominated Adviser and Broker |
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Lindsay Mair |
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Richard Hail |
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This information is provided by RNS