Ongoing strong production from Wressle. Union Jack has released an update on revenues from its Wressle field (Union Jack 40%). Wressle has now achieved over US$14m of cumulative net revenues from the field since mid-August 2021, from US$13m as of early February 2023. The field continues to produce under natural flow and with zero water cut (most recently reported at a gross rate of 825-850bbl/d). These Wressle revenues continue to help underpin company financial performance, while also providing ....

27 Mar 2023
Union Jack Oil (UJO LN) - Wressle update

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Union Jack Oil (UJO LN) - Wressle update
Union Jack Oil Plc (UJO:LON) | 27.0 0 0.0% | Mkt Cap: 29.4m
- Published:
27 Mar 2023 -
Author:
Daniel Slater, CFA -
Pages:
5 -
Ongoing strong production from Wressle. Union Jack has released an update on revenues from its Wressle field (Union Jack 40%). Wressle has now achieved over US$14m of cumulative net revenues from the field since mid-August 2021, from US$13m as of early February 2023. The field continues to produce under natural flow and with zero water cut (most recently reported at a gross rate of 825-850bbl/d). These Wressle revenues continue to help underpin company financial performance, while also providing ....