8 April 2026
Union Jack Oil plc
("Union Jack" or the "Company")
Crossroads Well Southern Oklahoma USA Update
Union Jack Oil plc (AIM: UJO), a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, is pleased to announce that Reach Oil and Gas Company Inc. (the "Operator"), has informed the Company that the Crossroads well, located in Southern Oklahoma, USA will be spudded on or around 16 April 2026. Union Jack currently holds a 43% interest. The Company's share of the drilling costs have already been funded.
· Crossroads will penetrate a large, 100 acre structure in the prolific Oil Creek Sand
· Estimated recoverable resource by the Operator over multiple target zones of 1,670,000 barrels of oil gross
· Crossroads is a large four-way dip closed structure mapped on 3D seismic
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 Joint Broker
Matthew Johnson
Richard Hail
Jen Clarke
Zeus Capital Limited +44 (0)20 3829 5000
Joint Broker
Antonio Bossi
Simon Johnson
George Duxberry
Gneiss Energy Limited + 44 (0)20 3983 9263
Financial Adviser
Jon Fitzpatrick
Harbour Access +1 (475) 477 9402
USA Investor Relations
Jonathan Paterson