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Union Jack Oil on 'imminent' results expected from both West Newton and Wressle Union Jack Oil PLC's (LON:UJO) David Bramhill joins Proactive London with an update on their latest financial results and future prospects. Bramhill is confident ahead of the 'imminent' results' expected from both West Newton and Wressle.  He says progress was made there at West Newton in Yorkshire where presently testing is imminent for two wells drilled in 2020. At the Wressle field, meanwhile, oil is free flowing and is in continuous production test conditions. Quick facts: Union Jack Oil PLC Price: 35 GB...

Union Jack Oil looks forward to testing as West Newton B-1Z well advances Results from the well to date are described as "highly encouraging" and the next phase of work begins in May. Union Jack Oil PLC (LON:UJO) told investors the West Newton  B-1Z appraisal well has successfully completed cased hole logging and vertical seismic profiling operations. The next phase of work will see a service rig used to perforate and stimulate the Kirkham Abbey formation ahead of flow testing. This work expected to get underway in May with operations slated to take around 4 weeks. Following the completion...

The short to medium term focus will be on maturing this asset further to commercialisation, analysts said Union Jack Oil PLC (LON:UJO) was given a reiterated ‘strong buy’ recommendation from broker SP Angel after it said well testing operations are expected to begin in May. Keeping its price target at 176p, the broker said analysis of the recent drilling campaign gave investors “clear line of sight” on the much-anticipated extended well tests on both the WNB1Z and WNA-2 appraisal wells. The analysts said they “would also not be surprised to see a material in uplift volumetrics given...

1 March 2021 | 09:47am StockMarketWire.com - Oil company Union Jack Oil said it had completed its planned acquisition of a further 15% economic interest in the Biscathorpe project. The deal was completed on terms originally announced on 18 January, with Union Jack now holding a 45% interest in the PEDL253 licence. At 9:47am: [LON:UJO] Union Jack Oil Plc share price was 0p at 0.15p Story provided by StockMarketWire.com Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. Latest share price and company details:

18 January 2021 | 07:28am StockMarketWire.com - Oil company Union Jack Oil said it had agreed to acquire a further 15% economic interest in a UK permit containing the Biscathorpe project from Humber Oil & Gas. The deal would see Union Jack Oil up its holding in PEDL253 to 45%. The company had offered £0.5 million cash, to be paid on Oil and Gas Authority approval and, following receipt of various planning approvals, a contingent payment of £0.5 million. PEDL253 was located within the proven hydrocarbon fairway of the Humber Basin, on-trend with the Keddington oilfield, which produces oil fr...