UK: Union Jack Oil completes a further acquisition of a 15 percent interest in PEDL253 Biscathorpe
UK: Union Jack Oil completes a further acquisition of a 15 percent interest in PEDL253 Biscathorpe 01 Mar 2021 PEDL253 containing the Biscathorpe project on the terms originally announced on 18 January 2021 and Union Jack now holds a 45% interest in PEDL253. On the proposed conventional B-2Z side-track appraisal well, the Company also highlights that a Planning Application has been made for the side-track drilling operation, associated testing and, in a success case, the long-term production of hydrocarbons at the Biscathorpe-2 wellsite, with drilling planned for H2 2021, subject to plannin...