Union Jack Oil plc (LON:UJO, OTCQB: UJOGF) a USA and UK focused onshore hydrocarbon production, development, exploration and investment company has announced a positive update on the Moccasin 1-13 well (“Moccasin”), located in Pottawatomie County, Oklahoma, USA. Union Jack holds a 45% working interest in this well.
· Moccasin drilled on budget to Target Depth of 5,690 feet
· Electric logs have been acquired and several zones of interest and test intervals have been identified
· Production casing has been run and cemented
· The technical team at Reach Oil and Gas Company Inc., the Operator, have informed Union Jack that evaluation and testing will begin on or around 3 February 2025
· Moccasin drill and completion costs have already been funded from the Company`s cash resources
Moccasin was an untested 3D seismic supported Hunton and Wilcox structure with secondary targets in Pennsylvanian Channel Sands and Base Pennsylvanian Unconformity Sand. The Moccasin structure is a compressive feature, associated with the regional Wilzetta Fault. This strike-slip fault was active through the Ordovician to early Carboniferous periods and is responsible for several large oil accumulations.
