REG - Union Jack Oil PLC - Production Resumed at Wressle PEDL180/PEDL182

Union Jack OilAnnouncement

08/11/2023 07:00

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RNS Number : 7093S  Union Jack Oil PLC  08 November 2023

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                    info@unionjackoil.com

 David Bramhill

 SP Angel Corporate Finance LLP        +44 (0)20 3470 0470

 Nominated Adviser and Joint Broker

 Matthew Johnson

 Richard Hail

 Kasia Brzozowska

 Shore Capital Stockbrokers Limited    +44 (0)20 7408 4090

 Joint Broker

 Toby Gibbs

 Iain Sexton

 

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