EARNINGS AND TRADING: Ariana strikes gold; Union Jack adds royalties
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read more(Sharecast News) - Union Jack Oil announced the expansion of its mineral royalty portfolio on Tuesday, with the acquisition of three additional packages brokered by Reach Oil & Gas.
Read more(Alliance News) - Oil and gas explorer Union Jack Oil PLC on Monday noted the operator of the Andrews-1-17 well in Oklahoma, US has signed a drilling contract with a local contractor.
Read moreUnion Jack Oil PLC - Bath-based UK- and US-focused oil and gas company - Says proposed well WN-A3 in West Newston project, onshore UK in East Yorkshire, is planned to be drilled during late 2024, and will be twinned with the West Newton A-1 discovery well. Adds that a feasibility study is underway for a single gas well development plan at the WN-A3 well. Chair David Bramhill says: "We plan to expedite the drilling of West Newton with the deviated WN-A3 appraisal well as soon as all remaining regulatory permissions have been granted. Discussions are already underway with the relevant authorities and work has commenced to progress drilling. Our revised drilling plan offers significant cost-savings without compromising any aspects of the project. The objective is to develop what we know to be a material onshore gas resource located in an area with excellent access to local and national infrastructure and an attractive domestic gas off-take market."
Read more(Alliance News) - Union Jack Oil PLC on Tuesday announced new deals to boost its drilling and mineral royalty portfolio.
Read more(Sharecast News) - US and UK-focused onshore oil explorer Union Jack Oil has signed two further farm-in agreements with Reach Oil & Gas for the Wilzetta Fault oilfields in central Oklahoma, which is thought to have substantial reserves.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Read more(Sharecast News) - Union Jack Oil announced a farm-in agreement with Reach Oil & Gas Company on Tuesday, granting it a 45% working interest in the upcoming Andrews-1 well, scheduled for drilling in the second quarter.
Read more(Alliance News) - Union Jack Oil PLC on Monday said it will expand its operations to the US through a partnership with Reach Oil & Gas Inc.
Read more(Alliance News) - Union Jack Oil PLC on Monday said it has achieved revenue of over USD18.0 million at its Wressle hydrocarbon development since production restarted in August 2021.
Read more(Sharecast News) - Union Jack Oil reported significant net revenues exceeding $18m from the Wressle hydrocarbon development on Monday.
Read more(Alliance News) - Union Jack Oil PLC and Europa Oil & Gas Holdings PLC on Tuesday said an independent assessment has increased the oil reserves of their licences at the Wressle field onshore in Lincolnshire, England.
Read more(Alliance News) - Europa Oil & Gas Holdings PLC and Union Jack Oil PLC on Tuesday said that production had increased at the UK onshore Wressle-1 well.
Read more(Alliance News) - Union Jack Oil PLC and Europa Oil & Gas Holdings PLC on Wednesday both noted Egdon Resources UK Ltd's community update on the Wressle oilfield development in North Lincolnshire, including PEDL180 and PEDL182 assets.
Read moreUnion Jack Oil PLC - UK-focused onshore hydrocarbon production, development, and exploration company - Wressle-1 well has been brought back into production following installation of a downhole jet pump. "Since production resumed, flow-rates in excess of 950 barrels of oil per day have been recorded. The well is now on continuous 24-hour production and is still cleaning up. Export and sale of oil has recommenced," Union Jack says. The firm owns a 40% interest in the asset. Europa Oil & Gas Holdings PLC, with a 30% stake, also notes the development.
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