Union Jack Oil plc has acquired a 45% working interest in the Rogers enhanced oil recovery project and associated leases in Seminole County, Oklahoma, USA. PRODUCTION The purchase from current partner and operator Reach Oil & Gas Company Inc comprises two legacy production wells of Rogers and S&M and one injector well, Coker. Reach’s base […]
Tag: Union Jack Oil plc
UJO marks West Bowlegs commercial discovery
Union Jack Oil plc reported a commercial discovery at the joint venture Andrews 1-17 well, drilled to test the West Bowlegs prospect in Seminole County, Oklahoma. PRODUCTION The company said that high quality oil was being produced with an API gravity of approximately 41 degrees. Test production and well clean-up continues while the partners have […]
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: […]
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 […]
Union Jack begins trading on OTCQB venture market
Union Jack Oil plc ordinary shares today began trading on the OTCQB venture market in the United States. The company said that dual trading on the AIM market of the London Stock Exchange and the OTCQB would provide “enhanced investor benefits”. These include “uncomplicated trading access for investors based in the USA and increased liquidity […]
Union Jack spuds West Bowlegs farm-in well
Union Jack Oil plc’s said that drilling had begun on the Andrews-1-17 well at the West Bowlegs prospect in Seminole County, Oklahoma. FARM-INS Operator Reach Oil & Gas Company Inc will test the prospect over ten days’ drilling to a depth of 5,200 ft. If successful, wireline logging operations, completion, perforation and testing will follow. Union […]