Union Jack Oil net Wressle revenues pass US$10mln marker
"The Wressle development continues to bolster the company's balance sheet,” said executive chair David Bramhill
Company
Union Jack Oil PLC
LON:UJO
Union Jack Oil PLC is an oil and gas company with a focus on onshore production, development, exploration and investment opportunities within the United Kingdom and the United States of America hydrocarbon sector.
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Union Jack Oil & Gas cheers “highly valuable” gas project in Yorkshire
“Such a significant domestic onshore gas resource as West Newton will be an important transition fuel in helping the UK achieve its 2050 Net Zero targets.”
Union Jack Oil says consultant points to significant extra resource potential at Wressle
Union Jack executive chair David Bramhill said the report by GaffneyCline has "gone a long way" to answering questions over Wressle's future potential and prolonged productivity
Union Jack Oil welcomes news of the lifting of the moratorium on hydraulic fracturing in the UK onshore sector
The company said: "The directors highlight that the lifting of the moratorium is expected to positively change both the technical and commercial dynamics in respect of certain of Union Jack's licence interests going forward"
Union Jack Oil reports interims showing financial transformation
"The future of Union Jack remains bright," said Union Jack executive chair David Bramhill
Union Jack Oil says Wressle onshore operation has now generated US$9mln in net revenues
One of the country's larger onshore discoveries of recent years, the operation is on the western margin of the Humber Basin
Union Jack Oil says appeal made against North Kelsey planning permission decision
Union Jack holds a 50% economic interest in licence PEDL241, which holds the North Kelsey prospect.
Union Jack Oil celebrates latest revenue milestone as Wressle continues ‘impressive’ form
"Another impressive production performance from the Wressle-1 well has been recorded and the trend remains positive," executive chair David Bramhill said
Union Jack Oil hails West Newton development plan
"Based on the NPV estimate, this amounts to US$75mln net to Union Jack for its 16.7% equity interest"
Union Jack Oil reaches US$7mln revenue at Wressle hydrocarbon development
The UK-based onshore hydrocarbon producer and explorer holds a 40% economic interest in Wressle
Union Jack boosted as Wressle field development plan gets green light from NSTA
The approval was described as "another significant and important milestone" for Wressle
Union Jack Oil cheers US$6mln Wressle revenue milestone
"Another period of stellar performance from the Wressle-1 development has been achieved,” said executive chair David Bramhill
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Malcy's Blog - Oil price, DEC, Union Jack. And finally…
WTI $110.49 +$4.36, Brent $111.55 +$4.10, Diff -$1.06 -26c, NG $7.66 -8c, UKNG 178.5p -11.5pOil priceOil was mixed last week, the big rise on Friday left WTI up 72 cents but Brent was down 84c over the period.A number of EU countries are al
Union Jack Oil’s confidence is high as it confirms strong revenue performance from Wressle
"I remain confident that future news arising from our well-balanced portfolio containing relevant components of production, development, appraisal and exploration will continue to vindicate the board's unflinching optimism," said chair Davi
Union Jack Oil expects even higher rates at Wressle as gas plans are unveiled
"Wressle has been nothing short of a spectacular success," said chairman David Bramhill
Archive
Malcy's Blog - Oil Price, Union Jack, Deltic. And finally...
Oil price, Union Jack, Deltic. And finally…WTI $102.07 -$1.72, Brent $106.65 -$1.68, Diff -$4.58 -4c, NG $6.53 -43c, UKNG 171.41p -28.59pOil priceOil remains under pressure as do world markets with last week WTI falling $4.88 and Brent $5.0
Union Jack Oil says it is on material growth trajectory
The revenues from the Wressle development continue to highlight the sea change in the financial robustness of Union Jack," David Bramhill said.
Union Jack and Egdon Resources appeal Biscathorpe planning decision
Biscathorpe lies within licence PEDL253 and is located in the South Humber Basin
Union Jack Oil expands scope of Wressle CPR
"Wressle continues to outperform over and above original prognosis and expectations,” said chairman David Bramhill
Union Jack Oil sees revenue boost from Wressle
Operational and capex costs are covered for the foreseeable future