Union Jack Oil PLC

Union Jack Oil's Biscathorpe-2 well 'back on the map' after new analysis

Union Jack Oil PLC's (LON:UJO) David Bramhill tells Proactive London's Andrew Scott analysis of the Biscathorpe-2 well in Lincolnshire has shown it to be much more promising than previously indicated.

Consultant APT has carried out a sample taken from 20 intervals that indicates the presence of a 35-metre column of good quality oil at a depth of a 1,980 metres with more possible below 2,133m.

Quick facts: Union Jack Oil PLC

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Market: AIM
Market Cap: £32.09 m

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Full interview: Union Jack Oil confirms major oil discovery at West Newton

Union Jack Oil PLC's (LON:UJO) David Bramhill tells Proactive London  the partners in the West Newton project now believe it is a “significant oil and gas discovery”. Bramhill says West Newton is considered more significant than simply a pure gas discovery as was previously thought.

3 weeks, 1 day ago

2 min read