News Oil & Gas

West Newton targets low capex and early revenue

The West Newton joint venture said that new development plans allow early production and revenue with low capital expenditure, based on the project’s feasibility study. DEVELOPMENT The West Newton A1, A2 and WNB-1z discoveries lie within licence PEDL183 in East Yorkshire. CNG Services Ltd’s study revealed that, before full field development, an initial single horizontal […]

Company Moves News Oil & Gas

Union Jack appoints Craig Howie as NED

Union Jack Oil plc has appointed Craig Howie as an independent non-executive director, with effect from 22 April 2024. He will be chairman of the audit committee and member of the remuneration committee when current NED Raymond Godson retires from the board following the company’s general meeting on 27 June. Executive chairman David Bramhill said: […]

News Oil & Gas

Union Jack positive over Andrews 1-17

Union Jack Oil plc sounded positive after drilling the Andrews 1-17 well to 4,600ft on the West Bowlegs prospect in Seminole County, Oklahoma. ACCELERATION The target Hunton Limestone was penetrated at 4,200ft, showing “high porosity and elevated gas readings, with good reservoir quality” interpreted on the wireline logs. Operator Reach Oil & Gas Inc has […]