Union Jack Oil plc has appointed Donald Zac Phillips and John Americanos, both known to the company for many years, as non-executive directors to the board, with immediate effect. Dr Phillips, who will be a senior independent NED, qualified as a chemical and petroleum engineer and is a senior energy executive and advisor in the […]
Tag: Union Jack Oil plc
Union Jack JV exits Biscathorpe
Union Jack Oil plc and its partners have withdrawn their appeal against refusal of planning permission to drill a side-track and develop the Biscathorpe oil field in the Lincolnshire Wolds. INQUIRY The JV is expected to relinquish PEDL253 “in due course”, some ten years after operator Egdon Resources UK Ltd acquired the licence. Union Jack […]
Union Jack disappointed over Sark poor show
Union Jack Oil plc’s joint venture has had its first setback from a poor show in its fifth drilled well, Sark, in central Oklahoma, USA. PROGRAMME Operator and partner Reach Oil and Gas company plc drilled the well to a total depth of 5,391 feet, targeting an estimated 1,440,000 barrels of oil gross and a […]
Union Jack investors to vote on bonus warrants
Union Jack Oil plc has proposed to issue bonus warrants to all of its shareholders, in connection with the £2 million fundraise during August 2025. MEETING The company said that, following shareholder feedback, it would issue one bonus warrant for every four ordinary shares of five pence each, held by shareholders at 6pm on 3 […]
Union Jack JV completes drilling Sark
Union Jack Oil plc has drilled the Sark well to a total depth of 5,391 feet at the central Oklahoma site in the USA. TEST Joint venture partner and operator Reach Oil and Gas Company Inc perforated the Prue interval from 4,586 to 4,600 ft. Union Jack said that the Prue interval was highlighted on […]
Union Jack JV spuds Sark
Union Jack Oil plc’s joint venture has spud the Sark well, targeting an estimated 1,440,000 barrels of oil gross and a further potential 1.5 million barrels, in central Oklahoma, USA. PARTNERS The company will use the proceeds from the July £2 million fundraise for the programme. The overall US$3m drilling programme comprises Sark and Wolverine-1 wells […]