Operator Egdon Resources UK Ltd (30%) continues to evaluate the reservoir response to increased pump rates, approved by the Environment Agency, within PEDL180/182 .
Union Jack Oil plc (40%), which reported it had US$18 million revenue generated since the restart of production in August 2021, said that the well had responded favourably to the new jet pump rate.
“The engineers may decide to further increase these rates whilst the well performance is continually being optimised to maximise oil recovery volumes,” said executive chairman Jack Bramhill.
Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.