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West Newton farm-in has 'all the right ingredients' - Union Jack Oil's David Bramhill

David Bramhill, executive chairman of Union Jack Oil PLC (LON:UJO), discusses with Proactive London's Andrew Scott the acquisition of a 16.667% stake in the West Newton gas discovery, in Yorkshire.

West Newton, located on the western sector of the southern Zechstein basin in east Yorkshire, is a conventional operation.

It is on trend with the prolific Hewett gas field complex which had 419bn cubic feet of original in place gas.

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Price: 0.27 GBX

AIM:UJO
Market: AIM
Market Cap: £41.69 m
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Union Jack Oil expects to be drilling at West Newton within weeks

Union Jack Oil PLC's (LON:UJO) David Bramhill tells Proactive London's Andrew Scott drilling is due to kick off in the next few weeks at the West Newton project, where an appraisal well will follow up last year’s successful discovery. The plan also includes the combined testing of the new well,...

4 days, 5 hours ago

2 min read