Union Jack Oil receives planning consent to continue development of Wressle

Union Jack Oil plc

Union Jack Oil plc (LON: UJO, OTCQB: UJOGF), a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, has announced that planning consent has been received from North Lincolnshire Council for the further development of the Wressle well site.

The approved works will include extending the existing site to accommodate the drilling of two new wells, construction of gas processing facilities and an underground gas pipeline to connect Wressle to the local gas distribution network.

The Wressle field is located in onshore licences PEDL180 and PEDL182, situated on the western margin of the Humber Basin, North Lincolnshire.

Union Jack holds a 40% interest in the Wressle development.

David Bramhill, Executive Chairman of Union Jack Oil, commented:

“I am delighted that the joint venture partnership has received the planning consent to continue development of Wressle, which will increase oil production and monetise the associated gas from the field, resulting in zero routine flaring at site.

“This positive decision represents to Union Jack a significant domestic production growth opportunity at our robust and reliable flagship Wressle project and for the UK provides economic and environmental benefits compared to imports on which the UK is becoming increasingly reliant.

“I look forward to updating the market further as the Wressle partners progress the field development.”

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:

Union Jack Oil raises £2m to fund three-well Oklahoma programme

Union Jack Oil has raised £2 million via a placing and subscription of 40,000,000 new shares at 5p, with one 8p warrant per share subject to shareholder approval. Proceeds will fund a three-well Oklahoma drilling programme costing about US\$3 million. Admission is expected on 29 July 2025, leaving 146,565,896 voting shares.

Union Jack Oil to acquire 60% stake in Sark well, Central Oklahoma

Union Jack Oil has signed a farm-in agreement with Reach Oil and Gas to acquire a 60% working interest, paying 80%, in the Sark well planned for drilling in early Q3 2025 in Central Oklahoma, USA.

Union Jack Oil restarts production at Keddington Oilfield

Union Jack Oil plc has recommenced oil production at its Keddington Oilfield following major site upgrades in 2024 and 2025.

Union Jack Oil reports 2024 profit and expands US operations

Union Jack Oil plc reveals strong 2024 results, showcasing significant operational achievements and a profitable outlook for continued growth in the UK and USA.

Union Jack Oil reports positive testing results from Moccasin well

Union Jack Oil plc updates on the Moccasin 1-13 well in Oklahoma, confirming it as a commercial oil discovery with promising production rates and potential revenue growth.

Union Jack Oil Moccasin declared a commercial discovery

Union Jack Oil plc shares a promising commercial discovery in the Moccasin 1-13 well, Oklahoma, confirming its potential for significant oil production.

Search

Search