Union Jack Oil (LON:UJO) Executive Chairman David Bramhill joins DirectorsTalk to discuss the West Newton A-2 appraisal well. David talks us through the update highlights, explains how being a Oil and Gas play changes things, the significance of this discovery and what we can expect going forward.
Union Jack Oil is an AIM-listed oil and gas exploration and development company with a number of onshore licence interests in the UK, all centred around the East Midlands and East Yorkshire.
Union Jack Oil plc (LON:UJO), a UK and USA focused onshore hydrocarbon production, development and exploration company, has announced an update in respect of the Wressle hydrocarbon development located within licences PEDL180 and PEDL182 in North Lincolnshire on the
China’s first-quarter economic growth data is out and it’s an expectation beater. The country’s GDP grew at a rate of 5.3% during the first three months, versus Reuters economist poll expectations of 4.6%. Oil prices rose following the
Union Jack Oil plc sounded positive after drilling the Andrews 1-17 well to 4,600ft on the West Bowlegs prospect in Seminole County, Oklahoma. The target Hunton Limestone was penetrated at 4,200ft, showing “high porosity and elevated gas readings,
Union Jack Oil plc (LON:UJO, OTCQB: UJOGF), a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, has announced a positive drilling update in respect of the Andrews 1-17 well, to test the West Bowlegs
Union Jack Oil plc (LON:UJO) and (OTCXB: UJOGF), a UK and USA focused onshore hydrocarbon production, development and exploration company, has announced that the Company’s Ordinary Shares have been approved to trade on the OTCQB Venture Market in the
Oil prices experienced an increase on Tuesday, supported by indications of potential demand improvement in China and the United States, the two largest oil-consuming nations in the world. There are also growing concerns about an escalating
Oil prices rose in early Asian trading on Monday on concern over tighter global supply brought about by escalating conflict in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added
Oil prices ticked up in Asian trade on Monday, extending gains from last week when prices rose nearly 4% on the view that supply was tightening, with the risks heightened by further attacks on Russian energy
Union Jack Oil plc expects drilling to start soon at its recently signed farm-in on the West Bowlegs prospect in Seminole County, Oklahoma. The company said operator Reach Oil & Gas Company Inc had signed a drilling contract for the
Union Jack Oil plc has added three packages of wells to its mineral royalty portfolio in the United States. The company’s agent and adviser Reach Oil & Gas Inc brokered the purchases. Top-tier Bakken Shale in
Union Jack Oil plc (LON:UJO), a UK and USA focused onshore hydrocarbon production, development and exploration company, has announced, further to its announcement dated 6 February 2024, that the Company has been informed by the Operator, Reach Oil
In an ambitious move that underscores the evolving landscape of the UK’s energy sector, Union Jack Oil PLC has set its sights on drilling a new well, WN-A3, in the heart of East Yorkshire’s West Newston
The OPEC+ group of oil producers is holding firm on measures to boost prices. On Sunday, members agreed to extend oil output cuts of 2.2 million barrels per day into the second quarter. That’s a bid
The West Newton joint venture said it would save costs and generate early cash flow under revised plans for PEDL183 in East Yorkshire. The licence contains the West Newton A1, A2 and WNB-1z discoveries. The new
Oil prices on Tuesday built on gains made a day earlier amid attacks on shipping in the Red Sea that have exacerbated supply worries. Brent crude futures rose 36 cents, or 0.44%, to $82.89 a barrel
Union Jack Oil plc (LON: UJO), a UK focused onshore hydrocarbon production, development and exploration company, has offered a positive update in respect of planned future drilling and the potential development at West Newton PEDL183, in which the
Oil prices rose for a second day on Thursday, buoyed by a softer dollar and another attack on shipping near Yemen. Brent crude futures rose 35 cents, or 0.4%, to $83.38 a barrel at 1036 GMT.
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