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Union Jack Oil declares successful commercial discovery at Andrews 1-17 well

Union Jack Oil plc (LON:UJO, OTCQB: UJOGF), a UK and USA focused onshore hydrocarbon production, development, exploration and investment company, has announced, further to the RNS published on 8 April 2024, a positive update in respect of the Andrews 1-17 well, drilled to test the West Bowlegs Prospect, located in Seminole County, Oklahoma, United States.

Union Jack holds a 45% working interest in this well, including an associated area on the licence.

HIGHLIGHTS

·    The Andrews 1-17 well has been declared a commercial discovery

·    Ongoing “test” production and well clean-up continues

·    High quality oil being produced with an API gravity of approximately 41 degrees

·    First oil sales have already been made

·    The installation of permanent production facilities has commenced

·    Site facilities are also being installed to allow gas production to be monetised

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