{"id":78308,"title":"Union Jack Oil PLC (UJO.L) Wressle Development Update","publisher":"Share Talk","author":"sharetalk","published":"2021-01-11T09:19:26+00:00","modified":"2021-01-11T09:26:01+00:00","canonical_url":"https://www.share-talk.com/union-jack-oil-plc-ujo-l-wressle-development-update-3/","markdown_url":"https://www.share-talk.com/union-jack-oil-plc-ujo-l-wressle-development-update-3.md","json_url":"https://www.share-talk.com/union-jack-oil-plc-ujo-l-wressle-development-update-3.json","category":"Energy","categories":["Energy"],"tags":["appraisal well","Biscathorpe","Biscathorpe-2","Cadeby formations","David Bramhill","development","EDR","Egdon Resources","Egdon Resources PLC","Egdon Resources U.K","Europa Oil & Gas","Fiskerton Airfield","gas","Humber Oil & Gas","HYDROCARBON","Keddington","Kirkham Abbey","oil","onshore hydrocarbon","PEDL183","production","Rathlin Energy (UK)","South Humber Basin","UJO","Union Jack Oil","Union Jack Oil plc","Weald Basin","West Newton","West Newton A-2","wireline logs","WNA-2","Wressle","Wressle Share this artic","Wressle-1"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2022/03/st-holder.jpg?fit=1536%2C1024&ssl=1","format":"news","language":"en-GB","content":"**Union Jack Oil plc (AIM: UJO),** a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce that the Operator, Egdon Resources U.K. Limited, has provided an update on progress to first oil at the Wressle hydrocarbon development site (“Wressle”).\n\n**Wressle is located within North Lincolnshire licences PEDL180 and PEDL182.**\n\n**Union Jack holds a 40% economic interest in these licences.**\n\nThe workover rig and associated services and equipment were successfully mobilised to Wressle during the week commencing 4 January 2021 and that operation to recomplete and reperforate the well have commenced.\n\n[!\\[\\](https://www.share-talk.com/wp-content/uploads/2021/01/Union-Jack-Oil-@UnionJackOil-_-Twitter-Google-Chrome-2021-01-11-at-9.16.35-AM-300x61.png)](https://twitter.com/UnionJackOil/status/1348551482493329409?s=20)\n\nOperations are expected to be completed to enable the Ashover Grit reservoir to be flowed prior to the end of January 2021 as previously advised.\n\nThe Ashover Grit reservoir is expected to **produce 500 barrels of oil per day** (“bopd”) at a constrained rate, increasing Union Jack`s net production by an additional **200 bopd when fully on stream**.\n\nRecent photographs and video footage of Wressle can be found on the Company`s website, unionjackoil.com.\n\n**Competent Person`s Statement**\n\nIn accordance with the “AIM Rules – Note for Mining and Oil and Gas Companies,” the technical information contained within this announcement has been reviewed and approved by Graham Bull, Non-Executive Director. He is a member of the Petroleum Exploration Society of Great Britain, the American Association of Petroleum Geologists and a Fellow of the Geological Society of London and has over 46 years of international oil and gas industry experience."}