Union Jack Oil plc (LON:UJO) is the topic of conversation when Arden Partners’ Oil & Gas Research Director Daniel Slater caught up with DirectorsTalk for an exclusive interview.
Q1: Dan, Union Jack Oil have provided an update on flow testing at West Newton. What does this mean for the company?
A1: This represents helpful progress towards beginning the flow testing programme at West Newton, showing that the preparatory work for this has now been carried out.
Q2: What’s next for the company?
A2: The company expects to begin the actual flow testing in May, with results from the B1Z well in June and subsequently from the A2 well. These will be very important news flow items for the stock, giving a steer as to the future for the West Newton asset.
Q3: How do you view the outlook for the company?
A3: We would expect increased market attention as Union Jack Oil goes through the flow testing programme and results are announced. Success here could then see announcement of new drilling and early stage development planning, adding value to West Newton and providing additional news flow. This is an important moment for the company.