---
title: "Union Jack Oil PLC – Announcement by Reabold Resources PLC on PEDL183"
publisher: "Share Talk"
author: "sharetalk"
published: "2024-06-13T06:32:56+00:00"
modified: "2024-06-13T06:32:56+00:00"
date: 2024-06-13
canonical: "https://www.share-talk.com/union-jack-oil-plc-announcement-by-reabold-resources-plc-on-pedl183/"
category: "Energy"
categories: ["Energy", "Oil and Gas"]
tags: ["3D seismic data", "Biscathorpe", "Biscathorpe-2", "Broughton", "David Bramhill", "development", "EDR", "Egdon Resources", "Egdon Resources U.K", "EOG", "Europa Oil & Gas", "Fiskerton Airfield", "gas", "Graham Bull", "Humber Basin", "Humber Oil & Gas Limited", "HYDROCARBON", "Keddington", "Lincolnshire", "oil", "onshore hydrocarbon", "PEDL253 licence", "production", "side-track", "South Humber Basin", "UJO", "Union Jack Oil", "Union Jack Oil plc", "Weald Basin", "West Newton", "West Newton A-2", "Wressle", "Wressle-1"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/06/GOA4O1VXUAACCYU.webp?fit=1200%2C900&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# Union Jack Oil PLC – Announcement by Reabold Resources PLC on PEDL183

**Published:** June 13, 2024
**Author:** sharetalk
**Categories:** Energy, Oil and Gas
**Tags:** 3D seismic data, Biscathorpe, Biscathorpe-2, Broughton, David Bramhill, development, EDR, Egdon Resources, Egdon Resources U.K, EOG, Europa Oil & Gas, Fiskerton Airfield, gas, Graham Bull, Humber Basin, Humber Oil & Gas Limited, HYDROCARBON, Keddington, Lincolnshire, oil, onshore hydrocarbon, PEDL253 licence, production, side-track, South Humber Basin, UJO, Union Jack Oil, Union Jack Oil plc, Weald Basin, West Newton, West Newton A-2, Wressle, Wressle-1
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/06/GOA4O1VXUAACCYU.webp?fit=1200%2C900&quality=80&ssl=1)

---

**Union Jack Oil plc (AIM:UJO, OTCQB: UJOGF)** a UK and USA focused onshore hydrocarbon production and development company, notes today’s announcement (the “Announcement”) from Reabold Resources plc (“Reabold”) in respect of the West Newton project contained within PEDL183.

The Announcement provides details of the West Newton Gas Export Feasibility Study (the “Study”) conducted by CNG Services Ltd that was commissioned by Reabold.  The Study has concluded that as a precursor to the intended West Newton full field development, an initial single well development and gas export plan could accelerate production and cash flow whilst requiring limited capital expenditure.

The Announcement also provides details of a revised work programme which has been approved by the North Sea Transition Authority.

Union Jack holds a 16.665% interest in PEDL183.

The full text of Reabold’s announcement can be found on its website ([https://reabold.com/](https://reabold.com/)).

For further information, please contact:

Union Jack Oil plc                                                                                      [info@unionjackoil.com](mailto:info@unionjackoil.com)

David Bramhill

---

**Original URL:** https://www.share-talk.com/union-jack-oil-plc-announcement-by-reabold-resources-plc-on-pedl183/
*Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*