Business
Update on West Newton Activity Programme
Update on West Newton Activity Programme.
About this update from Union Jack Oil Plc
[{"type":"text","content":"\n \n \n RNS Number : 5197D\n Union Jack Oil PLC\n 20 February 2020\n \n \n \n Market Abuse Regulation (MAR) Disclosure\nCertain 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\n \n 20 February 2020\n \n Union Jack Oil plc\n (\"Union Jack\" or the \"Company\")\n Update on West Newton Activity Programme\n \n Union Jack Oil plc (AIM: UJO), a UK focused onshore conventional hydrocarbon production, development and exploration company is pleased to provide an update regarding the planned work programme at West Newton within the PEDL183 licence area onshore UK covering the re-commencement of the Extended Well Test (\"EWT\") at the successful West Newton A-2 well site and the proposed commencement of appraisal drilling operations at the separate West Newton B-1 well site.\n \n PEDL183 covers an area of 176,000 acres and is situated in East Yorkshire within the onshore UK section of the Southern Permian Basin. Union Jack holds a 16.665% interest in this licence, which contains the West Newton A-1 discovery well and the West Newton A-2 appraisal well, with reservoirs within the Permian Zechstein geological group, in particular the Kirkham Abbey geological formation.\n \n West Newton A-2 Test\n \n Following the successful drilling of the A-2 well as announced by the Company on 17 June 2019, the EWT operations were paused in late August 2019 in order to design a test that was better suited to evaluate the significant oil column encountered in the A-2 well, as opposed to the original intention to test predominantly gas. This alternative test has been designed by Rathlin Energy (UK) Limited (\"Rathlin\" or the \"Operator\"), and all necessary equipment has been identified to recommence the EWT.\n \n The redesigned test requires that the Operator obtains regulatory approvals prior to the recommencement of the new EWT. Rathlin is actively engaged with the relevant regulatory bodies in respect of this process.\n \n The Health and Safety Executive's (\"HSE's\") 21-day Borehole Sites and Operations Regulations notification period has been satisfied with no objections raised by the HSE. Subsequently, Rathlin has now filed a revised operating plan to the Enviro...