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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.

Quick facts: Union Jack Oil PLC

Price: 0.1525 GBX

AIM:UJO
Market: AIM
Market Cap: £23.55 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 month ago

2 min read