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Share Price: 24.00

Bid: 23.00

Ask: 25.00

Change: 0.00 (0.00%)

Spread: 2.00 (8.696%)

Open: 24.00

High: 24.00

Low: 24.00

Prev. Close: 24.00

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IN BRIEF: Union Jack, Europa Oil note Wressle-1 back up and running

Wed, 08th Nov 2023 13:29

Union 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.

Union Jack current stock price: 21.10 pence, up 8.2% on Wednesday

12-month change: down 40%

Europa Oil & Gas current stock price: 1.24 pence, up 1.4% on Wednesday

12-month change: down 2.6%

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

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IN BRIEF: Union Jack, Europa Oil note Wressle-1 back up and running

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