David Bramhill Executive Chairman-Union Jack Oil PLC (AIM:UJO) Interview

We catch up once again with David Bramhill Executive Chairman-Union Jack Oil PLC and talk about the Farm-in Agreement for a 16.665% Interest in PEDL183 Containing Major West Newton Gas Discovery

In this relaxed interview, David speaks about UJO assets and what the short-term future holds for the company and shareholders.


With Biscathorpe-2 well-site under construction and due to spud late Nov – December 2018

Biscathorpe is one of the UK’s largest onshore conventional oil prospects with Mean Prospective Resources of 3.1 million barrels net to Union Jack and a high geological chance of success of 40%.  Biscathorpe-2 well will evaluate the Biscathorpe-1 discovery made by BP in 1987.

New Comprehensive Planning Application Submitted for Wressle Development

The Wressle-1 Oil Field was drilled in 2014 and tested in 2015. The Wressle-1 well has flowed oil and gas from three separate reservoirs, the Ashover Grit, the Wingfield Flags and the Penistone Flags.  This totalled 710 barrels of oil equivalent per day from all zones.  In September 2016, a Competent Person’s Report made independent estimates of Reserves and Contingent and Prospective oil and gas Resources for the Wressle discovery of 2.15 million stock tank barrels classified as discovered (2P+2C).

 

 

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