Union Jack Oil PLC (AIM:UJO) West Newton-A Wellsite Planning Update

Union Jack Oil plc (AIM: UJO), a UK Focused onshore hydrocarbon production, development and exploration company is pleased to announce that the application to extend the existing planning permission for a further period of 36 months at the West Newton-A wellsite was approved at today`s meeting of the East Riding of Yorkshire Council’s Planning Committee.

 

 
Union Jack and its Commercial Partner, Humber Oil & Gas Limited each entered into a Farm-in Agreement on 5 November 2018 (subject to Oil and Gas Authority approval) with Rathlin Energy (UK) Limited, a wholly owned subsidiary of Canadian registered Connaught Oil & Gas Ltd, to acquire a 16.665% licence interest each in PEDL183.

PEDL183 is located onshore UK in East Yorkshire and within the Western sector of the Southern Zechstein Basin and contains the significant West Newton A-1 gas discovery (Best Estimate Contingent Resource 189 Bcfe or 31.5 MMboe gross).

The drill ready West Newton appraisal well is planned to be drilled during Q1 2019. Planning permission for this conventional well is already in place.
 


Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates.

Terms of Website Use

All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

Share Talk Investor Show - September 27th August 2019

Malcare WordPress Security