Union Jack Oil signs two farm-in agreements for Wilzetta Fault Play in Oklahoma

Union Jack Oil plc (LON:UJO), a UK and USA focused onshore hydrocarbon production, development and exploration company, hss announced, further to the Company’s announcement dated
6 February 2024, that it has signed a further two farm-in agreements with Reach Oil & Gas Company Inc.  

The first agreement is to acquire a 75% working interest in a well planned to be drilled in Q3 2024, to test the Footwall Fold Prospect in the Wilzetta Fault play (“the Prospect”) and in an area of associated interest.

The second agreement is to acquire a 37.5% working interest in a 2D and 3D seismic acquisition programme to identify additional drillable prospects along the Wilzetta Fault, located in Pottawatomie and Lincoln Counties, Oklahoma, USA.

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