Union Jack Oil PLC (LON:UJO)


Founded in 2011, Union Jack Oil plc is an Oil and Gas business with a focus on onshore production, development, exploration and investment opportunities within the UK hydrocarbon sector.  The company aims to appraise and exploit the assets currently owned and to acquire license interest with short lead time between the acquisition of the interest and exploration drilling or initial production from any oil or gas field that may be discovered. The company’s shares are traded on the Alternative Investment Market of the LSE as LON: UJO since 2013 and on Aquis Market too.

The company currently has 13 assets are located within Humber Basin, East Midland and East Yorkshire, of which six have a material near term impact on the company, and in the cash producing North Sea Claymore Piper royalty. The company’s interest includes West Newton, Wressle Oilfield, Biscathorpe, Keddington Oilfield, Fiskerton Oilfield, North Kelsey, Royalty and other assets.

The company holds 16.665% interest in PEDL183-West Newton, which was discovered in 2013 and consists of the West Newton A-1 well gas which has been further appraised by B-1, A-2 and B-1Z. It is located in Western sector of the Southern Zechstein Basin. PEDL183 blocks include SE93, TA13a, TA14, TA22, TA23, TA24, TA32, TA33, TA3a and TA4.

The company holds 40% interest in PEDL180 and PEDL182-Wressle Oilfield. It is located on the Western margin of the Humber Basin and was discovered in 2014 by the Wressle-1 conventional exploration well, intersecting three productive horizons that include Wingfield Flags, Penistone Flag and Ashover Grit. It consists of two blocks that include SE90a and SE91b. The company holds 45% interest in PEDL253-Biscathorpe asset, that consist of block TF18a and TF28a. The company holds 55% interest in the PEDL005(R)-Keddington Oilfield, which consist of block TF38a and TF38b and is located on the Southern margin of the Humber Basin. The company holds 20% interest in EXL294-Fiskerton Oilfield and consist of Block TF7c (ALL), TF7g (ALL) and TF7h (ALL).

The company holds 50% of interest in PEDL241-North Kelsey. It consist of Block TF18a (All) and TF28a (ALL) and is located within the proven hydrocarbon fairway of the Humberside Platform. The Claymore and Piper Complex Royalty consist of three licences that include P220, P247 and P250 with 2.5% Royalty Units interest with the company. Its other assets include Duke Wood (16.67% Holding), Humber Basin (45% holding), Kirklington (16.67% holdings), Laughton (10% holdings) and Widmerpool Gulf (26.25% holdings).

Contact Information

company address 6 Charlotte Street BA1 2NE United Kingdom

company phone+44.1225.428139

company websitehttp://unionjackoil.com/

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