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Union Jack's David Bramhill 'over the moon' with significant West Newton result

Union Jack Oil PLC's (LON:UJO) David Bramhill speaks to Proactive London's Andrew Scott after revealing what could be a potentially transformational result as the West Newton appraisal well confirmed a substantial hydrocarbon accumulation.

The West Newton A-2 conventional appraisal well, located in east Yorkshire, encountered a 65 metre (net) interval in the Kirkham Abbey formation which was its main target.

Quick facts: Union Jack Oil PLC

Price: 0.144 GBX

AIM:UJO
Market: AIM
Market Cap: £22.08 m
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Full interview: Union Jack Oil hails huge Wressle site victory

David Bramhill, chief executive, explains that Union Jack Oil (LON:UJO) is cock-a-hoop today after winning their 3 year court battle; the inspectorate has awarded planning permission in the case against North Lincolnshire Council, with costs given too. The saga began last year when Egdon...

on 20/1/20

2 min read