Last checked at 18 Aug 2020 07:00
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
18 August 2020
Union Jack Oil plc
("Union Jack" or the "Company")
West Newton Operations Update
Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production, development and exploration company, notes that Rathlin Energy (UK) Limited, the Operator of PEDL183, will shortly be communicating the following update to local residents and the West Newton Community Liaison Group.
Union Jack holds a 16.665% interest in PEDL183, containing the conventional West Newton A-1 discovery well and the successful West Newton A-2 appraisal well.
"Rathlin Energy (UK) Limited is pleased to provide an update on the activities at the West Newton B site. All operations are being conducted in accordance with Covid-19 related restrictions.
The wellsite and access track construction work has now been completed. All permits and permissions are in place to commence conductor drilling operations and any pre-operational conditions have been satisfied.
The active area of the site has been fully lined with an impermeable HDPE membrane and a surface water discharge system has been installed which allows for environmental isolation of the wellsite. Two drilling cellars have been installed. Northern Power Grid has completed the electrical connection to the site which will allow the operations to utilise mains electrical power for site requirements, rather than diesel generators, where possible.
The site is fully fenced and during operations the site will have a manned security presence 24 hours a day seven days a week.
On Monday 17 August 2020, the conductor rig and associated equipment was mobilised to site. Conductor drilling operations will commence shortly and will be conducted Monday - Saturday between the hours of 07:00 - 18:00. Access changes to nearby roads, agreed by East Riding of Yorkshire Council, will remain in effect.
The conductor rig will drill to a depth of approximately 80 metres into the Cretaceous chalk where steel casing will be installed and cemented to surface. The conductor casing will provide a stable base for the main drilling rig and protect surface formations during the drilling operations. Following completion of this phase of operations, the conductor rig will be demobilised and the site prepared for arrival of the main drilling rig.
The main drilling rig will be mobilised to the site and rigged up over a period of one to two weeks in preparation to drill the main borehole to a depth of approximately 2000 metres. Once the drilling operation starts it will continue 24 hours a day. Site access will also be required 24-hours a day, seven days a week, however, most deliveries shall be planned for daytime hours.
The drilling operations will continue for six to ten weeks. Once completed, the drilling rig will be demobilised from the site over a period of approximately one week.
The information gathered during the drilling of West Newton B-1 will inform a subsequent programme of well testing to establish productive capability and any future drilling operations."
For further information, please contact:
Union Jack Oil plc +44 (0)78 0154 0358
David Bramhill
SP Angel Corporate Finance LLP +44 (0)20 3470 0470
Nominated Adviser and Broker
Richard Morrison
Richard Hail
Caroline Rowe
Cassiopeia Services Ltd +44 (0)7949 690 338
Public Relations
Stefania Barbaglio