Union Jack Oil (GB:UJO) has released an update.
Union Jack Oil plc, an onshore hydrocarbon production company, has acknowledged the findings of the West Newton Gas Export Feasibility Study by CNG Services Ltd, indicating that a single well development could expedite production and revenue with minimal investment. The revised work program for the West Newton project, part of PEDL183 in which Union Jack holds a 16.665% interest, has received approval from the North Sea Transition Authority. This development could serve as a precursor to the full field development of West Newton.
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