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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: 0.1825 GBX

AIM:UJO
Market: AIM
Market Cap: £22.1 m
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Investor Update: Union Jack's West Newton potential confirmed

Headlines from the Proactive UK newsroom. Union Jack Oil (LON:UJO) has been informed by the operator that the Kirkham Abbey reservoir in the West Newton project area contains a base case 146mln barrels of oil and up to 283mln barrels in a best case. The liquid element is much higher than...

1 week, 5 days ago

2 min read