Union Jack Oil PLC (LON:UJO) has told investors that its partner Rathlin Energy is safely advancing site operations at the West Newton B (WNB) property, in preparation for a future well programme.
The company said Rathlin is conducting this work in compliance with the landowner and regulatory agreements, and consistent with government guidance during the coronavirus (COVID-19) pandemic. It is also being done under planning permissions granted back in 2015.
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This initial work involves the completion of the access track and site along with activities that are pre-operational conditions of our Environment Agency and East Riding of Yorkshire Council (ERYC) permissions.
"We are very pleased that Rathlin are able to safely progress activities at the West Newton B site, especially in these challenging and unprecedented times,” David Bramhill, executive chairman said in a statement.
“We anticipate West Newton to be a key driver for shareholder value during 2020 and beyond. Union Jack will provide further updates as operations move forward in due course," he added.