Union Jack Oil (GB:UJO) has released an update.
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Union Jack Oil has received planning consent from North Lincolnshire Council for the expansion of its Wressle well site, which includes drilling two new wells and constructing gas processing facilities. This development, in which Union Jack holds a 40% interest, promises to enhance oil production and enable gas monetization, leading to zero routine flaring and providing both economic and environmental benefits.
For further insights into GB:UJO stock, check out TipRanks’ Stock Analysis page.
