Ongoing strong production from Wressle. Union Jack has released an update on revenues from its Wressle field (Union Jack 40%). Wressle has now achieved US$13m of cumulative net revenues from the field since mid-August 2021, from US$12m as of early January 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, and with current production described as being at “record” levels). These Wressle revenues continue to help ....

06 Feb 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) | 24.8 0.1 1.0% | Mkt Cap: 27.3m
- Published:
06 Feb 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 US$13m of cumulative net revenues from the field since mid-August 2021, from US$12m as of early January 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, and with current production described as being at “record” levels). These Wressle revenues continue to help ....