Union Jack Oil plc has raised £2 million before expenses through a placing and subscription of an aggregate 40 million new ordinary shares of five pence each, at five pence per new ordinary share. DIRECTORS Each placing and subscription share has one warrant attached, exercisable at eight pence for a period of two years, equal […]
Tag: Oklahoma
UJO encounters quality reservoir in Taylor
Union Jack Oil plc said it had encountered quality reservoir with two potential further secondary intervals in the joint venture Taylor 1-16 well in Seminole County, Oklahoma, USA. OBJECTIVE Operator Reach Oil and Gas Inc drilled the well to a total depth of 4,577 feet, reaching the target Hunton Limestone interval at 4,168ft. The interval […]
UJO expects restart of Keddington production
Union Jack Oil plc expects to restart production during late 2024 at the Keddington oil field in the East Lindsey district of Lincolnshire. GROWTH The company, which owns 55% while Egdon Resources (UK) Ltd holds 45%, said that ongoing site improvements were “progressing well”. Elsewhere in the UK, cumulated net revenues profits from the onshore […]
Union Jack increases Oklahoma interests
Union Jack Oil plc today confirmed two commercial successes and expansion of its onshore portfolio in Oklahoma, USA. ANDREWS Spud in March and targeting the Hunton Limestone, Andrews 1-17 in Seminole County underwent restricted and periodic test production during late May 2024. The company said that the well had since produced 6,460 barrels of high-quality, […]
Union Jack nears testing Andrews 2-17
Union Jack Oil plc will begin completion and production testing in the next 14 days of the Andrews 2-17 well in Seminole County, Oklahoma. PIPELINE Partner and operator Reach Oil & Gas Company Inc spud the well eight days ago, drilling to a total depth of 4,850 feet and penetrating the Hunton Limestone at 4,180 […]
Union Jack spuds second Oklahoma well
Union Jack Oil plc has spud its second joint venture well on the West Bowlegs prospect in Seminole County, Oklahoma. EXPANSION Operator Reach Oil & Gas Company Inc expects to take eight days to drill Andrews 2-17 to a depth of circa 4,7000 ft, including perforating and flow-back if successful. Union Jack said its partner […]