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Union Jack Oil completes on West Newton deal ahead of Q1 2019 spud

David Bramhill, executive chairman of Union Jack Oil PLC (LON:UJO), tells Proactive London's Andrew Scott they've now completed on the deal to acquire a 16.665% interest in the West Newton project, in Yorkshire.

It comes ahead of an appraisal well drilling programme which is due to spud in the first quarter of 2019.

Bramhill says drilling of West Newton will follow the planned commencement of drilling of the conventional Biscathorpe-2 appraisal well on PEDL253 by year end 2018.

Quick facts: Union Jack Oil PLC

Price: 0.2 GBX

Market: AIM
Market Cap: £24.22 m

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Full interview: Union Jack's three key projects have potential to...

Union Jack Oil PLC's (LON:UJO) David Bramhill talks Proactive London's Andrew Scott through the 'significant progress' they've seen across its three key projects in the first half of the year - West Newton, Biscathorpe and Wressle. Bramhill says developments at the three assets can be...

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