Union Jack Oil workover rig at Wressle update

Union Jack Oil plc (LON:UJO) a UK focused onshore hydrocarbon production, development and exploration company has announced that workover operations on the Wressle-1 well to install a downhole jet pump and recomplete the well have been successfully concluded. The workover rig has been demobilised from the Wressle site.

A new surface Triplex pump has been purchased and has been installed and connected. The final stages of the surface facilities upgrades are nearing completion. The re-instatement of production operations at Wressle-1 well is currently expected during the week commencing 23 October 2023.

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Union Jack Oil Plc (UJO)

A bright future for Union Jack Oil in the US market

19th December 2024

Union Jack Oil’s success in the US market in 2024 is catching investors’ attention. The partnership with Reach Oil and Gas shows great promise for growth.

Oil prices rise on expectations of increased demand from China

11th December 2024

Oil prices rose by 1% on Wednesday, driven by expected demand from China after Beijing’s new stimulus plans.

Union Jack Oil provides positive update on Taylor well drilling

10th December 2024

Union Jack Oil, a company focused on onshore hydrocarbon production, development, exploration, and investment in the UK and USA, has shared a promising drilling update regarding the Taylor 1-16 well in Seminole County, Oklahoma. Union Jack

Union Jack Oil remains optimistic about Wressle field’s future potential

6th December 2024

Union Jack Oil’s chair, David Bramhill, remains optimistic about the Wressle oil field despite setbacks and denied extension, emphasizing long-term potential.

Union Jack Oil reports successful drilling at Taylor 1-16 well

3rd December 2024

Union Jack Oil shares positive update on Taylor 1-16 well in Seminole County, Oklahoma, showcasing promising results in the Hunton Limestone interval.

Positive steps forward for Union Jack Oil

28th November 2024

Union Jack Oil plc announced encouraging developments in the Taylor 1-16 well in Seminole County, Oklahoma. The well, drilled by operator Reach Oil and Gas Inc., has revealed a high-quality hydrocarbon-bearing reservoir, with two additional potential

Union Jack Oil updates on positive drilling at Taylor 1-16 well in USA

26th November 2024

Union Jack Oil plc (LON: UJO, OTCQB: UJOGF), a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, has announced a positive drilling update in respect of the Taylor 1-16 well, located in Seminole County,

Oil prices see modest recovery amid rising tensions

18th November 2024

Oil prices experienced a slight increase on Monday as escalating conflict between Russia and Ukraine captured global attention. Brent crude rose by 55 cents (0.8%) to $71.59 a barrel, while U.S. West Texas Intermediate crude climbed

Oil prices gain amid market uncertainty

13th November 2024

Oil prices remained steady near two-week lows on Wednesday, with markets cautiously eyeing global demand and recent OPEC projections. OPEC reduced its growth forecasts for oil demand in 2024 and 2025, attributing the adjustment to economic

Oil prices climb as OPEC+ delays production increase amid global uncertainty

4th November 2024

Oil prices surged over 2% on Monday following a decision by OPEC+ to delay an increase in production plans by one month. This adjustment in output comes amid anticipation surrounding a significant week in global events,

Union Jack Oil plans production restart at Keddington and expands US ventures

1st November 2024

Union Jack Oil plc anticipates restarting production at the Keddington oil field, located in Lincolnshire’s East Lindsey district, in late 2024. The company, which holds a 55% stake in Keddington while Egdon Resources (UK) Ltd owns

Oil prices edge up amid strategic reserve plans

29th October 2024

Oil prices showed an increase on Tuesday after a significant drop of 6% in the prior session. The rise came as the United States outlined a plan to purchase oil for its Strategic Petroleum Reserve (SPR),

Oil prices recover after sharp decline

21st October 2024

Oil prices experienced a modest recovery in Asian trading on Monday, following a significant drop of more than 7% last week. The fall was driven by concerns over weakening demand in China, the world’s largest oil

Oil prices rise as Middle East tensions and China’s economic plans drive market

17th October 2024

Oil prices experienced an increase on Thursday, rebounding from two-week lows. Investors are closely monitoring the situation in the Middle East alongside China’s recently announced stimulus plans. At the same time, the market is anticipating the

Middle East tensions push oil prices beyond $80 per barrel

8th October 2024

On Monday, oil prices saw a significant rise, with Brent crude surpassing $80 per barrel for the first time since August. This surge, over 3%, was largely attributed to growing concerns about a potential regional conflict

Oil prices rise amid escalating Middle East tensions

30th September 2024

Oil prices climbed for the second straight session on Monday, fuelled by worries over potential disruptions to supply in the Middle East. This followed intensified Israeli attacks on Hamas, as well as other Iranian-backed forces in

Union Jack Oil updates on further development at Wressle site

27th September 2024

North Lincolnshire Council has granted approval for further development at the Wressle oil and gas exploration site in the UK. The project, situated in the northern region of the country, will see an expansion of the

Oil prices rise amid Middle East tensions and US rate cut

23rd September 2024

Oil prices experienced an increase on Monday, driven by growing fears that the escalating conflict in the Middle East might impact the region’s oil supply. At the same time, there is optimism that last week’s decision

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