Union Jack Oil plc’s joint venture plans to drill next week the Crossroads well, located in Southern Oklahoma, USA.
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The company said that the well would penetrate a large 100 acre structure in the prolific Oil Creek Sand.
Partner and operator Reach Oil and Gas Company Inc estimates a target recoverable resource over multiple target zones of 1,670,000 barrels of oil gross.
Union Jack, which holds a 43% interest, added that Crossroads is a large four-way dip closed structure mapped on 3D seismic.
Drillling will begin on or around 16 April 2026.
The overall US$3m drilling programme is for three wells, comprising Sark, spud in August 2025, and Wolverine-1 well in central Oklahoma as well as Crossroads in the south of the state.