Union Jack Oil PLC West Newton B-1Z Update (8884F)
21 July 2021 - 4:00PM
UK Regulatory
TIDMUJO
RNS Number : 8884F
Union Jack Oil PLC
21 July 2021
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is Disclosed in accordance with
the Company`s obligations under Article 17 of MAR.
21 July 2021
Union Jack Oil plc
("Union Jack" or the "Company")
West Newton B-1Z Update
Union Jack Oil plc (AIM:UJO), a UK focused onshore hydrocarbon
production, development and exploration company, is pleased to
publish an update in respect of the ongoing testing of the West
Newton B-1Z well.
The Company holds a 16.665% economic interest in PEDL183,
encompassing an area of 176,000 acres and located within the
Western Sector of the Southern Permian Basin, onshore UK, North of
the river Humber. PEDL183 contains the WNA-1, WNA-2 and WN B-1Z
hydrocarbon discoveries.
Highlights:
-- Perforated an initial interval of 25 metres of the 62 metre Kirkham Abbey hydrocarbon column
-- Well testing operations began on 7 June 2021, with an initial
focus on the lower portion of the Kirkham Abbey
-- Scale of completion fluid inflow into the formation indicative of permeability in the system
-- Gas is being recovered to surface under test conditions
-- Gas analyses exhibit a strong similarity to analyses obtained
from the West Newton A site wells with samples showing
approximately 90% methane content and no native H(2) S (hydrogen
sulphide)
-- Liquids recovered to surface are currently undergoing analysis
-- Additional 19 metre zone in the upper Kirkham Abbey
identified for perforation and flow testing
-- Operations continuing on the clean-up of the lower portion of
the Kirkham Abbey and further flow testing of the Kirkham Abbey
formation
David Bramhill, Executive Chairman of Union Jack commented:
"We are encouraged by the indications of permeability of the
lower portion of the Kirkham Abbey under test, and the initial
recovery of hydrocarbons to surface.
"We are continuing with test operations in this zone which,
along with the planned testing of additional zones, and the A-2
well, the results of which will be key data inputs into the
ultimate development plans of PEDL183."
Competent Person's Statement
In accordance with the "AIM Rules - Note for Mining and Oil and
Gas Companies," the information contained within this announcement
has been reviewed and signed off by Graham Bull, Non-Executive
Director, who has over 52 years of international oil and gas
industry experience.
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 Broker
Richard Morrison
Richard Hail
Caroline Rowe
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END
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