RE: Approaching landmark net revenues of US$10,500,000 being achieved from the Wressle hydrocarbon deve14 Oct 2022 09:46
Executive Chairman of Union Jack, David Bramhill commented: "The conclusions of the CPR signal a highly valuable onshore project with resources comparable to those usually reported from offshore developments and at a time when forward gas pricing is higher than oil. Such a significant domestic onshore gas resource as West Newton will be an important transition fuel in helping the UK achieve its 2050 Net Zero targets.
"The Geological Chance of Success of 85.5% in respect of the Kirkham Abbey formation at West Newton is amongst the highest that I have ever observed