In this exclusive FinancialFox Podcast, Stefania speaks with Zac Phillips, Business Development Advisor at #UJO regarding the updates on the West Newton Activity Programme.
London listed Union Jack Oil plc (LON: UJO), the UK focused onshore hydrocarbon production, development and exploration company announces the re-commencement of the Extended Well Test (EWT) at the successful West Newton A-2 well site and the proposed commencement of appraisal drilling operations at the West Newton B-1 well site.
West Newton is considered one of the most important major onshore discoveries in the UK in the recent decades.
The EWT operations were paused in late August 2019 following the successful drilling of the A-2 well in June in order to design a test that was better suited to evaluate the significant oil column encountered in the A-2 well, as opposed to the original intention to test predominantly gas. Operator Ratlin Energy has now filed a revised operating plan to the Environment Agency (EA) for approval. Following EA approval, the Operator will notify the Oil and Gas Authority in respect of the recommencement of the EWT.
Operations at West Newton B-1 Appraisal Drilling are scheduled to begin soon during Q2 2020. The drilling is designed to further appraise the Kirkham Abbey formation, and to test the deeper Cadeby formation at its optimum location, particularly given the encouraging results retrieved from the West Newton A-1 and A-2 wells.
#UJO #WestNewton #UnionJackOil