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:

    Oil bounces back amid trade heat

    Oil’s rebound this week reflects more than market balance, revealing how deeply energy pricing is now tied to global politics.

    OPEC’s measured move shifts the market tone

    OPEC’s modest production increase sent a signal to investors this week, emphasising control over expansion and stability over competition.

    Union Jack Oil balances resilience with Oklahoma growth opportunity

    Union Jack Oil combines reliable UK output with a transformational US drilling venture that could redefine its future profile.

    Union Jack Oil delivers strong operational progress in H1 2025

    Union Jack Oil reported revenues of £1.29m and a net loss of £489k for the six months to 30 June 2025, reflecting lower oil prices. The Company remains debt-free with net assets of £21.4m, supported by an 18% return from its mineral royalties portfolio.

    Oil prices rise as a U.S. stock draw reshapes supply expectations

    Oil prices rise after a surprise U.S. crude draw sparks renewed focus on tightening supply.

    Union Jack Oil updates on Sark well in Oklahoma

    Union Jack Oil has provided an update on the Sark well in Central Oklahoma, where it holds a 60% interest. The well was drilled to 5,391 feet, with the Prue interval identified as hydrocarbon bearing.

    Search

    Search