Crossroads Well Southern Oklahoma USA Update

Summary by AI ^BETAClose X

Union Jack Oil plc has announced a minor delay in the spudding of the Crossroads well in Southern Oklahoma due to rig maintenance, with the Operator confident drilling will commence before the end of April 2026. The company holds a 43% interest in the well, and its share of the drilling costs has already been covered by existing cash resources.

Disclaimer*

Union Jack Oil PLC

16 April 2026

Union Jack Oil plc

("Union Jack" or the "Company")

Crossroads Well Southern Oklahoma USA Update

Union Jack Oil plc (AIM: UJO), a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, announces that, following the update on 8 April 2026, Reach Oil and Gas Company Inc. (the "Operator"), has informed the Company that there has been a short delay to the spud date for the Crossroads well, located in Southern Oklahoma, USA as a result of rig maintenance requirements. The Operator is confident that the well will be spudded before the end of April 2026.

Union Jack currently holds a 43% interest. The Company's share of the drilling costs have already been funded from the Company's existing cash resources.

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 Joint Broker

Matthew Johnson

Richard Hail

Jen Clarke

Zeus Capital Limited +44 (0)20 3829 5000

Joint Broker

Antonio Bossi

Simon Johnson

George Duxberry

Gneiss Energy Limited + 44 (0)20 3983 9263

Financial Adviser

Jon Fitzpatrick

Harbour Access +1 (475) 477 9402

USA Investor Relations

Jonathan Paterson

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