REG - Union Jack Oil PLC - Announcement by Reabold Resources PLC on PEDL183

Union Jack OilAnnouncement

13/06/2024 07:00

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RNS Number : 2298S  Union Jack Oil PLC  13 June 2024

13 June 2024

 

Union Jack Oil plc

 

("Union Jack" or the "Company")

 

Announcement by Reabold Resources PLC on PEDL183

 

Union Jack Oil plc (AIM:UJO, OTCQB: UJOGF) a UK and USA focused onshore
hydrocarbon production and development company, notes today's announcement
(the "Announcement") from Reabold Resources plc ("Reabold") in respect of the
West Newton project contained within PEDL183.

 

The Announcement provides details of the West Newton Gas Export Feasibility
Study (the "Study") conducted by CNG Services Ltd that was commissioned by
Reabold.  The Study has concluded that as a precursor to the intended West
Newton full field development, an initial single well development and gas
export plan could accelerate production and cash flow whilst requiring limited
capital expenditure.

 

The Announcement also provides details of a revised work programme which has
been approved by the North Sea Transition Authority.

 

Union Jack holds a 16.665% interest in PEDL183.

 

The full text of Reabold's announcement can be found on its website
(https://reabold.com/ (https://reabold.com/) ).

 

 

For further information, please contact:

 

Union Jack Oil
plc                                                                                      info@unionjackoil.com
(mailto:info@unionjackoil.com)

David Bramhill

 

SP Angel Corporate Finance
LLP
+44 (0)20 3470 0470

Nominated Adviser and Joint Broker

Matthew Johnson

Kasia Brzozowska

Richard Hail

 

Shore
Capital                                                                                               +44
(0)20 7408 4090

Joint Broker

Toby Gibbs

Harry Davies-Ball

 

Gneiss Energy
Limited
     +44 (0)20 9263 3983

Financial Adviser

Jon Fitzpatrick

Paul Weidman

 

Harbor
Access
 
        +1 (475) 477 9402

USA Investor Relations

Jonathan Paterson

Tommy Zima

 

BlytheRay                                                                                                      +44
(0)20 7138 3204

Financial PR

Tim Blythe

Megan Ray

 

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