Production Resumed at Wressle PEDL180/PEDL182

Union Jack Oil PLC

08 November 2023

 

8 November 2023

Union Jack Oil plc

("Union Jack" or the "Company")

Production Resumed at Wressle PEDL180/PEDL182

Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce that the Wressle-1 well has been brought back into production following the installation of a downhole jet pump and associated surface facilities to optimise flow-rates.     

Since production resumed, flow-rates in excess of 950 barrels of oil per day have been recorded. The well is now on continuous 24-hour production and is still cleaning up. Export and sale of oil has recommenced.

Once stabilised production is achieved a further announcement will be made.

Union Jack holds a 40% economic interest in PEDL180 and PEDL182.

For further information, please contact:      

Union Jack Oil plc David Bramhill	[e-mail]
SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker Matthew Johnson Richard Hail Kasia Brzozowska	[phone]
Shore Capital Stockbrokers Limited  Joint Broker Toby Gibbs Iain Sexton	[phone]

 

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