REG - Union Jack Oil PLC - Crossroads Well Southern Oklahoma USA Update

Union Jack OilAnnouncement

Today 07:00

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RNS Number : 5324Z  Union Jack Oil PLC  08 April 2026

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 (mailto: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

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