Union Jack Oil PLC Wressle Operations Update (8084G)
July 29 2021 - 01:00AM
UK Regulatory
TIDMUJO
RNS Number : 8084G
Union Jack Oil PLC
29 July 2021
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
29 July 2021
Union Jack Oil plc
("Union Jack" or the "Company")
Wressle Operations Update
Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon
production, development and exploration company is pleased to offer
an update on operations at the Wressle oilfield development,
located in North Lincolnshire, covered by the licences PEDL180 and
PEDL182.
Union Jack holds a 40% economic interest in this
development.
The Company is pleased to advise that the proppant squeeze
operation on the Ashover Grit reservoir interval in the Wressle-1
well has been completed safely and successfully. A total of 146
cubic metres of gelled fluid with 17.3 tonnes of ceramic proppant
were injected into the Ashover Grit formation in line with the
authorised programme.
No health, safety, environmental or security issues were
experienced during the operations; and as predicted, real time
monitoring confirmed there was no induced seismicity and that the
noise levels were well within the permitted limits. The operation
was subject to a pre-operational inspection by the Health and
Safety Executive and active monitoring by the Environment Agency.
Ground and surface water monitoring has continued in accordance
with the requirements of the Environmental Permit.
All equipment and personnel associated with the operation have
now demobilised from site.
The Wressle-1 well will now be subject to a coiled tubing
operation to fully clean the production tubing prior to bringing
the well back into production through the permanently sited
production facilities.
Based on the implemented programme, pre-operational simulation
modelling concluded that the proppant squeeze operation would
result in constrained flow rates of 500 barrels of oil per day
(gross).
Once the well is brought back into production, we will provide a
further update to report on the stabilised flow rates achieved
following the proppant squeeze and coiled tubing operations.
For further information, please contact
Union Jack Oil plc info@unonjackoil.com
David Bramhill
SP Angel Corporate Finance LLP +44 (0)20 3470 0470
Nominated Adviser and Broker
Richard Morrison
Richard Hail
Caroline Rowe
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END
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