Confidence17 May 2021 10:12
Morning all.
WN is mentioned in this excerpt from an article published by ************** regarding UJO, the author seems optimistic as does everyone else.
"West Newton of course is the main focus of all the assets. The multi-million dollar licence. The biggest oil and gas discovery since Wytch farm almost 50 years ago. Will it be a commercial discovery is the question and it is one that is about to be answered.
The operator and the partners are confident. Industry experts admit to the core sample being like nothing ever seen on an onshore UK well. It is described as an offshore discovery onshore. Plans are already together for substantial future drilling of multiple wells. There are suggestions this discovery could stretch over many kilometres of the licence area, potentially offshore!
Professional analysis, geological examination and present data suggest this will quite simply be one of the biggest onshore discoveries, as previously mentioned, in 50 years. A major contributor to the nations hydrocarbon needs.
For Union Jack, it will be the golden goose! 16.665% of a multi-million dollar asset that whether sold or partially developed, it will ensure the long term security of the company and it's shareholders."