Union Jack Oil PLC - Wressle Development Update
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement
Union Jack Oil plc
("Union Jack" or the "Company")
Wressle Development Update
Union Jack Oil plc (AIM: UJO), a
Wressle is located within
Union Jack holds a 40% economic interest in these licences.
The workover rig and associated services and equipment were successfully mobilised to Wressle during the week commencing
Operations are expected to be completed to enable the Ashover Grit reservoir to be flowed prior to the end of
The 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.
Recent photographs and video footage of Wressle can be found on the Company`s website, unionjackoil.com.
Competent Person`s Statement
In 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
For further information, please contact:
Union Jack Oil plc Via Cassiopeia Services Ltd
SP Angel Corporate Finance LLP +44 (0)20 3470 0470
Nominated Adviser and Broker
Cassiopeia Services Ltd +44 (0)7949 690 338
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