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Union Jack Oil ( (GB:UJO) ) has shared an announcement.
Union Jack Oil announced the spudding of the Moccasin 1-13 well in Oklahoma, where it holds a 45% working interest. The well targets multiple hydrocarbon zones with a high chance of success, and drilling costs are already funded. Additionally, the Taylor 1-16 well has encountered multiple potential production zones, and the company is proceeding with completion and testing. Union Jack is in a strong financial position and anticipates further revenue from its UK and US operations, with significant interests in principal projects aiding its growth strategy.
More about Union Jack Oil
Union Jack Oil plc is a company focused on hydrocarbon production, development, exploration, and investment, with operations in the USA and UK. It holds significant interests in various projects, including the Wressle project in the UK and several wells in the USA, generating substantial revenue from its mineral royalty portfolio and other ventures.
YTD Price Performance: -2.70%
Average Trading Volume: 292,943
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £9.59M
Learn more about UJO stock on TipRanks’ Stock Analysis page.
