Union Jack Oil acquires three well packages in the US, including top-tier Bakken Shale assets

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 the Williston Basin is a “diversified producing 96 well interest package” located in Dunn, McKenzie and Williams Counties, North Dakota.

Union Jack said that the package was a “strong cash-flow generating asset with significant upside”, containing 76 proved, developed and producing wells, eight drilled and uncompleted, eight permitted and two newly completed awaiting pay status.

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.

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