Union Jack Oil PLC Corporate Presentation
September 28 2021 - 1:00AM
RNS Non-Regulatory
TIDMUJO
Union Jack Oil PLC
28 September 2021
28 September 2021
Union Jack Oil plc
("Union Jack" or the "Company")
Corporate Presentation
Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon
production, development and exploration company is pleased to
announce that a new Corporate Presentation ("Presentation") has
been published on the Company's website at: www.unionjackoil.com.
The Presentation incorporates cutting-edge videos, design and
graphics to enhance the descriptions of our key projects.
The Presentation focuses principally on the Company's key
projects at Wressle, West Newton and Biscathorpe while also
progressing its other existing production project at
Keddington:
-- Wressle oil production (40%): Achieved production rates from
the Ashover Grit reservoir of 884 barrels of oil per day ("bopd")
gross and where we plan to upgrade the oil production facilities
and progress a gas to power revenue stream. The Wressle oilfield is
set to become the second ranked onshore oilfield in the UK next to
Wytch Farm.
-- West Newton appraisal (16.665%): Testing now underway at West
Newton-A2 well, where a 65 metre hydrocarbon column was previously
discovered.
-- Biscathorpe appraisal (45%): Drilling of a side-track well is
planned in 2022 and where the Company believes Biscathorpe to be
one of the UK's largest onshore un-appraised conventional
hydrocarbon targets.
-- Keddington Oilfield (55%): Drilling of a relatively
inexpensive side-track development well from the existing
production site to target incremental oil production could be
drilled in 2022. Planning approval in place for the drilling of a
further two wells.
The Board of Union Jack has created the Presentation with the
objective of improving shareholders' and viewers' understanding of
our key projects and in doing so it hopes they obtain a fuller
appreciation of them, and the Company. We trust the Presentation
will have a positive impact and will convert viewers into new
shareholders, if not already.
The Company would like to thank Begley Hutton Design and John
Perez Graphics for their contribution to the Presentation.
For further information, please contact
Union Jack Oil plc info@unionjackoil.com
David Bramhill
SP Angel Corporate Finance LLP +44 (0)20 3470 0470
Nominated Adviser and Broker
Richard Morrison
Richard Hail
Caroline Rowe
Novus Communications Ltd +44 (0)20 7448 9839
Financial Public Relations Twitter:@NovusComms
Alan Green/Jacqueline Briscoe
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END
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