Union Jack Oil Wressle gives significant optionality going forward

Union Jack Oil
[shareaholic app="share_buttons" id_name="post_below_content"]

Union Jack Oil plc (LON:UJO) is the topic of conversation when DirectorsTalk MD Darren Turgel caught up with Dan Slater, Arden Partners Head of Energy.

Union Jack has released a further update on its Wressle field , announcing US$5m of cumulative net revenues from the field since late August 2021. What does this mean for Union Jack?

This is further demonstration of the significant change that Wressle has made to Union Jack’s production and cash flow profile, in conjunction with high oil prices. These ongoing cash flows give the company significant optionality going forward for further work programmes across its portfolio.


What should we expect from the company over the coming months?

We expect to see further periodic updates on Wressle production and ongoing development activities, potentially including a decision on installing gas export and development of further reservoir levels on the field. In addition, we may also see a new operational work programme defined for West Newton, and progress towards securing planning for the planned wells on Biscathorpe and North Kelsey.

Union Jack Oil (LON: UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector listed on the London Stock Exchange AIM market.

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

    Keddington’s return stirs fresh intrigue

    A resurgence at Keddington underscores Union Jack Oil’s knack for turning overlooked onshore fields into reliable cashflow generators.

    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.

    Energy Edges up in the Wake of Middle East Truce

    Oil rebounds 1% thanks to the Iran‑Israel ceasefire, U.S. inventory draw and interest‑rate optimism. Supply looks steady, but demand keeps prices in check, patience over speculation now.

    Subtle shifts suggest a resilient undercurrent in oil markets

    As geopolitical tensions shape oil market dynamics, a quiet resilience emerges. Investors show confidence in supply stability, revealing a maturing market environment.

    Oil prices edge higher as US-China trade talks boost market sentiment

    Oil prices have experienced an upward shift as global market participants respond to renewed optimism surrounding US-China trade negotiations, with additional support from OPEC+ supply measures.

    Oil prices surge as OPEC+ stays the course on output

    OPEC+ boosts oil markets with a steady production increase for July, aiming to balance market share and price stability amid global demand challenges.

    Search

    Search