Tag Archive for Union Jack Oil

Union Jack Oil rises on major West Newton farm-in and £2.25m placing (UJO)

Union Jack Oil (LSE:UJO) rose 2.9pc to 0.09p this morning after purchasing a stake in a Yorkshire-based licence containing the prospective West Newton gas discovery. The firm has acquired a 16.7pc position in the 176,000-acre licence, called PEDL183, from Rathlin Energy, a subsidiary of Canadian business Connaught Oil and Gas. Its commercial partner Humber Oil…

Pre-drill anticipation builds as Union Jack oil releases update on Biscathorpe prospect (UJO)

Today, Union Jack Oil (LSE:UJO) released an update and a drilling timetable regarding iitsBiscathorpe prospect. The company has a 22% interest in the PEDL253 license containing the Biscathorpe asset. Construction of the well-site will be completed during September, with the drilling of the Biscathorpe-2 conventional well expected in October/November 2018. The new well will be used…