Business
West Newton-A Wellsite Planning Update
West Newton-A Wellsite Planning Update.
About this update from Union Jack Oil Plc
[{"type":"text","content":"\n \nRNS Number : 5303H Union Jack Oil PLC 15 November 2018 \n\nMarket 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 \n15 November 2018\n \nUnion Jack Oil plc\n(\"Union Jack\" or the \"Company\")\nWest Newton-A Wellsite Planning Update\nUnion Jack Oil plc (AIM: UJO), a UK Focused onshore hydrocarbon production, development and exploration company is pleased to announce that the application to extend the existing planning permission for a further period of 36 months at the West Newton-A wellsite was approved at today`s meeting of the East Riding of Yorkshire Council's Planning Committee.\nUnion Jack and its Commercial Partner, Humber Oil & Gas Limited each entered into a Farm-in Agreement on 5 November 2018 (subject to Oil and Gas Authority approval) with Rathlin Energy (UK) Limited, a wholly owned subsidiary of Canadian registered Connaught Oil & Gas Ltd, to acquire a 16.665% licence interest each in PEDL183.\nPEDL183 is located onshore UK in East Yorkshire and within the Western sector of the Southern Zechstein Basin and contains the significant West Newton A-1 gas discovery (Best Estimate Contingent Resource 189 Bcfe or 31.5 MMboe gross).\nThe drill ready West Newton appraisal well is planned to be drilled during Q1 2019. Planning permission for this conventional well is already in place.\n \nFor further information please contact the following:\n\n\n\nUnion Jack Oil plc \n\n\n+44 (0)7787 160 682\n\n\n\n\nDavid Bramhill\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSP Angel Corporate Finance LLP \n\n\n+44 (0)20 3470 0470\n\n\n\n\nNominated Adviser\n\n\n\n\n\n\n\nLindsay Mair\n\n\n\n\n\n\n\nRichard Hail\n\n\n\n\n\n\n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END MSCBUBDBXSBBGIU\n ","length":4416,"tagName":"div"}]