UJO Union Jack Oil Plc

TIDMUJO

RNS Number : 7093S

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              info@unionjackoil.com 
  David Bramhill 
 
 SP Angel Corporate Finance 
  LLP 
  Nominated Adviser and Joint 
  Broker 
  Matthew Johnson 
  Richard Hail 
  Kasia Brzozowska               +44 (0)20 3470 0470 
 
 Shore Capital Stockbrokers 
  Limited 
  Joint Broker 
  Toby Gibbs 
  Iain Sexton                    +44 (0)20 7408 4090 
 

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November 08, 2023 02:00 ET (07:00 GMT)

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