Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) told investors it has now officially resumed production at the Keddington oilfield.
It follows the completion of major site upgrades, in 2024 and 2025, and in the month of June the company confirms 23 days of pumping – to yield 992 barrels of oil.
Pumping was undertaken on average for 10.4 hours per day, for an equivalent rate of 43 barrels per day (gross).
“As expected, current flow rates from Keddington are exhibiting a material increase in oil production to those seen prior to the site upgrades,” Union Jack chair David Bramhill said.
"Over 1,450 barrels of high-quality oil have now been produced and sold from Keddington since recommissioning, contributing meaningful additional revenues, complementing our established cash flow from Wressle in the UK and our growth projects in the USA at Moccasin, the Andrews Field and our Mineral Royalty portfolio."
Union Jack holds a 55% interest in the Keddington field.