8 November 2023
Union Jack Oil plc
("Union Jack" or the "Company")
Production Resumed at Wressle PEDL180/PEDL182
Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce that the Wressle-1 well has been brought back into production following the installation of a downhole jet pump and associated surface facilities to optimise flow-rates.
Since production resumed, flow-rates in excess of 950 barrels of oil per day have been recorded. The well is now on continuous 24-hour production and is still cleaning up. Export and sale of oil has recommenced.
Once stabilised production is achieved a further announcement will be made.
Union Jack holds a 40% economic interest in PEDL180 and PEDL182.
For further information, please contact:
|
Union Jack Oil plc David Bramhill |
info@unionjackoil.com |
|
SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker Matthew Johnson Richard Hail Kasia Brzozowska |
+44 (0)20 3470 0470 |
|
Shore Capital Stockbrokers Limited Joint Broker Toby Gibbs Iain Sexton |
+44 (0)20 7408 4090 |