Union Jack Announces West Newton Technical Update & Presentation

Source: www.gulfoilandgas.com 1/28/2021, Location: Europe

Union Jack Oil plc, a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce that a technical presentation in respect of the recently drilled West Newton B-1 and B-1Z appraisal wells.

The Company holds a 16.665% economic interest in PEDL183, encompassing an area of 176,000 acres and located within the Western sector of the Southern Zechstein Basin, onshore UK, North of the river Humber. PEDL183 contains the conventional West Newton A-1, A-2 and B-1Z discoveries.

The West Newton technical presentation contains new significant technical data that is material to the ongoing commercial evaluation of the project. The presentation identifies or contains the following new information:
- Locations for the West Newton A-1, A-2, B-1, B-1Z and a proposed B-2 well, which has planning permission in place and is provisionally planned to be drilled in H2 2021, and a demonstration of where the B-1Z well represented a considerable 2.5 kilometre step-out to the south of the A-2 well.
- Good seismic calibration across the West Newton project area, highlighting both the Kirkham Abbey “platform” and “slope” formations
- Demonstrated hydrocarbon column of at least 118 metres with no hydrocarbon-water contact
- Thick porous section identified in both A-2 and B-1Z wells suggesting a contiguous structure across the Kirkham Abbey formation
- B-1Z well de-risks the southern component of the West Newton licence area and crucially supports the accuracy of the seismic interpretation across the entire platform
- Log results at B-1Z well were excellent, exceeding Union Jack`s pre-drill expectations
- Good porosity throughout the interval
- Kirkham Abbey interval hydrocarbon saturated
- Mudgas concentrations observed while drilling through the Kirkham Abbey formation at B-1Z well were as high as 9.8% total gas
- 18 metres of core cut and recovered from the B-1Z well
- Visible natural fracturing, micro fracturing and vuggy porosity demonstrated from corelab inspection and analysis
- Numerous additional leads and prospects, including Ellerby and Spring Hill, identified across PEDL183

David Bramhill, Executive Chairman of Union Jack commented: “Following the drilling of the successful B-1Z appraisal well, the technical summary of the West Newton project, provided on the Union Jack website, is the result of extensive evaluation by technical teams at Rathlin Energy, Reabold Resources and Union Jack, all whom have contributed additional materiality to our technical understanding of West Newton.

“There remains considerable upside in the opinion of Union Jack`s management especially with the Ellerby and Spring Hill Prospects being on-trend with West Newton.

“We look forward to reporting further progress on this compelling onshore conventional project in due course.”

Competent Person`s Statement
In accordance with the “AIM Rules – Note for Mining and Oil and Gas Companies,” the technical information contained within this announcement has been reviewed and approved by Graham Bull, Non-Executive Director. He is a member of the Petroleum Exploration Society of Great Britain, the American Association of Petroleum Geologists and a Fellow of the Geological Society of London and has over 46 years of international oil and gas industry experience.


United States >>  4/13/2021 - bp has announced an oil discovery at the Puma West prospect in the deepwater U.S. Gulf of Mexico.

The well, on Green Canyon Block 821,...

Mongolia >>  4/12/2021 - Petro Matad, the AIM quoted Mongolian oil company, has provided an operational update.

Block XX Exploitation Licence

Prog...


Trinidad and Tobago >>  4/12/2021 - Touchstone Exploration has announced the completion of flowback testing of the Cascadura Deep-1 well, confirming a liquids rich natural gas discovery....
United States >>  4/12/2021 - 88 Energy has provided a further update related to its operations in the NPR-A region of the North Slope of Alaska.

Highlights


Brazil >>  4/9/2021 - The Board of Directors of Petrobras approved the signature of an agreement with the Federal Government that establishes the participations in each con...
United Kingdom >>  4/7/2021 - Finder Energy is pleased to announce that it has been awarded a 100% interest in the P2528 Licence in the 32nd UK Offshore Licensing Round. ...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.