Union Jack Oil plc has appointed Craig Howie as an independent non-executive director, with effect from 22 April 2024. He will be chairman of the audit committee and member of the remuneration committee when current NED Raymond Godson retires from the board following the company’s general meeting on 27 June. Executive chairman David Bramhill said: […]
Tag: Union Jack Oil plc
Union Jack positive over West Bowlegs drilling
Union Jack Oil plc sounded positive after drilling the Andrews 1-17 well to 4,600ft on the West Bowlegs prospect in Seminole County, Oklahoma. ACCELERATION The target Hunton Limestone was penetrated at 4,200ft, showing “high porosity and elevated gas readings, with good reservoir quality” interpreted on the wireline logs. Operator Reach Oil & Gas Inc has […]
Union Jack begins trading on OTCQB venture market
Union Jack Oil plc ordinary shares today began trading on the OTCQB venture market in the United States. The company said that dual trading on the AIM market of the London Stock Exchange and the OTCQB would provide “enhanced investor benefits”. These include “uncomplicated trading access for investors based in the USA and increased liquidity […]
Union Jack’s farm-in well spuds at West Bowlegs
Union Jack Oil plc’s said that drilling had begun on the Andrews-1-17 well at the West Bowlegs prospect in Seminole County, Oklahoma. FARM-INS Operator Reach Oil & Gas Company Inc will test the prospect over ten days’ drilling to a depth of 5,200 ft. If successful, wireline logging operations, completion, perforation and testing will follow. Union […]
Union Jack increases royalties portfolio in USA
Union Jack Oil plc has added three packages of wells to its mineral royalty portfolio in the United States. PROLIFIC The company’s agent and adviser Reach Oil & Gas Inc brokered the purchases. Top-tier Bakken Shale in the Williston Basin is a “diversified producing 96 well interest package” located in Dunn, McKenzie and Williams Counties, […]
Union Jack expects West Bowlegs well to spud soon
Union Jack Oil plc expects drilling to start soon at its recently signed farm-in on the West Bowlegs prospect in Seminole County, Oklahoma. PRODUCTION The company said operator Reach Oil & Gas Company Inc had signed a drilling contract for the Andrews-1-17 well with a local firm. Groundworks are complete and a spud date due […]