Shares in Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) rose 7.5% after confirming the completion of drilling for the Andrews 2-17 well in Oklahoma.
Reaching its main target, the Hunton Limestone, at a depth of 4,180 feet, the well exhibited elevated gas readings, and showed positive signs of hydrocarbons through oil and gas shows, stain, and fluorescence, as interpreted from wireline logs.
Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) told investors that drilling is complete for the Andrews 2-17 well, in Oklahoma, confirming its main target.
The well was drilled to a total depth of 4,850 feet, and, the Hunton Limestone, was successfully reached at 4,180 feet.
Kier Starmer and the Labour Party are set to announce their plans for the rest of the year at tomorrow’s King Speech, with around 35 draft laws expected to be announced.
King Charles will read out the speech to Parliament at around 11.30 am on Wednesday and is expected to tackle topics ranging from illegal migration to mental health support.
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BP plc is throwing its hat into the Formula One ring through a partnership with new team Audi from 2026.
From that year onwards, cars must produce 65% less greenhouse gas emissions from the fuel they use via a combination of electric power and sustainable fuel.
Longboat Energy PLC (AIM:LBE) has confirmed it has completed its sale of Norwegian assets comprising its stake in the Japex Norge AS venture, generating US$2.5 million of proceeds in the process.
Longboat also offloaded all future obligations and existing debt related to the unit.