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Pin to quick picksUnion Jack Regulatory News (UJO)

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Corporate Presentation

Tue, 28th Sep 2021 07:00

RNS Number : 1110N
Union Jack Oil PLC
28 September 2021
 

28 September 2021

 

Union Jack Oil plc

("Union Jack" or the "Company")

Corporate Presentation

Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce that a new Corporate Presentation ("Presentation") has been published on the Company's website at: www.unionjackoil.com. The Presentation incorporates cutting-edge videos, design and graphics to enhance the descriptions of our key projects.

The Presentation focuses principally on the Company's key projects at Wressle, West Newton and Biscathorpe while also progressing its other existing production project at Keddington:

· Wressle oil production (40%): Achieved production rates from the Ashover Grit reservoir of 884 barrels of oil per day ("bopd") gross and where we plan to upgrade the oil production facilities and progress a gas to power revenue stream. The Wressle oilfield is set to become the second ranked onshore oilfield in the UK next to Wytch Farm.

· West Newton appraisal (16.665%): Testing now underway at West Newton-A2 well, where a 65 metre hydrocarbon column was previously discovered.

· Biscathorpe appraisal (45%): Drilling of a side-track well is planned in 2022 and where the Company believes Biscathorpe to be one of the UK's largest onshore un-appraised conventional hydrocarbon targets.

· Keddington Oilfield (55%): Drilling of a relatively inexpensive side-track development well from the existing production site to target incremental oil production could be drilled in 2022. Planning approval in place for the drilling of a further two wells.

The Board of Union Jack has created the Presentation with the objective of improving shareholders' and viewers' understanding of our key projects and in doing so it hopes they obtain a fuller appreciation of them, and the Company. We trust the Presentation will have a positive impact and will convert viewers into new shareholders, if not already.

The Company would like to thank Begley Hutton Design and John Perez Graphics for their contribution to the Presentation.

For further information, please contact

Union Jack Oil plc

info@unionjackoil.com

David Bramhill

 

SP Angel Corporate Finance LLP

+44 (0)20 3470 0470

Nominated Adviser and Broker

 

Richard Morrison

 

Richard Hail

 

Caroline Rowe

 

 

 

Novus Communications Ltd

+44 (0)20 7448 9839

Financial Public Relations

Twitter:@NovusComms 

Alan Green/Jacqueline Briscoe

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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Date   Source Headline
26th Nov 20217:00 amRNSWest Newton Planning Update
9th Nov 20217:00 amRNSQuestion and Answer Forum with Proactive Investors
1st Nov 20214:13 pmRNSBiscathorpe Planning Consent Refused
27th Oct 20217:00 amRNSWressle Update and US$1m Net Revenues Reached
13th Oct 20212:00 pmRNSPrice Monitoring Extension

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