REG - Union Jack Oil PLC - Spudding of Crossroads Well Oklahoma USA

Union Jack OilAnnouncement

Wed 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260506:nRSF1317Da&default-theme=true

RNS Number : 1317D  Union Jack Oil PLC  06 May 2026

 

6 May 2026

Union Jack Oil plc

("Union Jack" or the "Company")

Spudding of Crossroads Well Oklahoma USA

Union Jack Oil plc (AIM: UJO), a UK and USA focused onshore hydrocarbon,
production, development, exploration and investment company, is pleased to
announce that, further to the update on 1 May 2026, the Company has been
informed by Reach Oil and Gas Company Inc. (the "Operator"), that the
Crossroads Well was spudded on 5 May 2026. The drilling period is expected to
be approximately 10 days and shareholders will be informed of the results in
due course.

Union Jack currently holds a 43% interest in the project. The Company's share
of the drilling costs have been funded from its existing cash resources.

 

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

 

This 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
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUPUGPAUPQGBA



            Copyright 2019 Regulatory News Service, all rights reserved